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English news

11-Jul-2019

Parliament approves amendments to stamp tax law

Egypt’s Parliament agreed on the amendments to the stamp tax law, approving the levy on capital market transactions to remain at 0.15%. A final general assembly vote is still pending. The tax was scheduled to increase to 0.175% on 1 June as part of a plan to hike it annually over a three-year period, but the Finance Ministry called off the increase in a move designed to ease the financial burden on traders. 

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