IMF did not demand tax system review; capital gains tax could be up for future discussions, Deputy Finance Minister says
The International Monetary Fund (IMF) has not demanded a review of the tax system, the Deputy Finance Minister Amr El-Monayer said, adding that the government tax policies align with the IMF’s views. The fund did not comment on the suspended 10% capital gains tax and the government was planning to review it at a later stage. The government suspended the measure for two years after it was made on the EGX in May 2015, responding to retail investors objections and overturning IMF’s criticism then that delay adds public finances burdens on the those who are less able to afford it. (Al Shorouk)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.