Egypt explores changes to capital gains tax to allure investments – minister

Minister of Investment and Foreign Trade, Hassan El-Khatib met on Sunday with Ahmed El-Sheikh, Chairman of the Egyptian Exchange (EGX), to discuss ways to improve the business environment for EGX-listed companies.

A key focus of the meeting was on reforming capital gains tax. The government is exploring changes to make the tax more attractive to investors and stimulate economic growth.

In addition to tax reforms, Minister El-Khatib agreed with El-Sheikh to establish a joint mechanism to streamline procedures related to mergers, acquisitions, and capital increases for EGX-listed companies.

El-Sheikh highlighted the EGX’s recent achievements and initiatives aimed at boosting investment. These efforts are aligned with the EGX’s board of directors’ development strategy.

Attribution: The Egyptian Cabinet