The government is currently studying the reasons that led to a two-year freeze of capital gains tax, which ends in May 2017 and expects to complete its analysis in 1Q17, according to Deputy Finance Minister for Taxation Policies Amr Al-Monir. The study examines whether the reason is on principle regarding the tax or the legislation or mechanism or the marketing and explanation of the law, he said, adding that it did not succeed because the mechanism was not proper and it was not explained well. "If the (problem) is over the principle (of the tax) then we can think of another way", he told reporters. Egypt had imposed a new 10% tax on capital gains and stock dividends in July 2014, but it was put on hold for two years, while keeping in place the tax on stock dividends in May 2015. (Reuters)