By: Mustafa Adel
Cairo – Mubasher: Egypt’s Ministry of Finance (MoF) recommended the application of a 0.2% stamp duty tax on both buyers and sellers at the Egyptian Exchange (EGX), a source in the ministry told Mubasher.
Thus, the total tax on bourse trades will be 0.4%.
The tax will be imposed before the reapplication of the capital gains tax on bourse trades next May, and will be submitted to Parliament for adoption within weeks, the source said.
