Egypt approves capital gains, dividends tax
02/07/2014 1:06 am EDT

share with your network:

Egypt’s newly elected president has approved a law on Tuesday imposing a new 10% tax on capital gains and stock dividends, as the country seeks to revive an economy battered by more than three years of political turmoil, Reuters has reported. The tax applies to dividends and capital gains made from trading stocks on the Egyptian stock market, as well as unlisted companies. “(This) comes in response to the major challenges which the Egyptian economy has faced which demand coordination of all efforts to protect and rebuild confidence in it,” the presidency said.

About the Author

share with your network:

Share your view

© 1996-2016 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2016 Dubai Business | Ameinfo . All rights Reserved.