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Tax Authority Chief on Investor Support
The new tax facilitation package aims to support investors by streamlining procedures and introducing draft laws that reduce the tax burden, thereby enhancing investment and economic growth. The amendments include abolishing capital gains tax on the sale of listed shares and replacing it with a simple stamp duty equally borne by both the buyer and seller, in order to encourage stock trading and increase activity in the financial market. It also focuses on strengthening tax compliance and broadening the tax base without imposing additional burdens.
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