Egyptian Finance Ministry Offers Stock Tax Exemptions
The Egyptian Tax Authority has announced a series of amendments to tax laws aimed at revitalizing the stock market and supporting the Egyptian economy. The amendments include exempting restricted stock dividends from tax, abolishing taxes on capital gains resulting from the disposal of shares listed on the stock exchange, while keeping the stamp duty on transactions. Additionally, sales of unlisted securities are excluded from taxation, and a mechanism has been established to calculate the acquisition cost for unlisted shares to facilitate tax accounting. Incentives have also been approved for shareholders and companies listed on the stock exchange, which will enhance trading volume and encourage investment in the Egyptian securities market.
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