Capital Gains Tax Law Awaiting Presidential Approval

Egypt’s Capital gains tax on stock market profits is awaits the president’s approval said Sherif Samy, Executive Chairman Egyptian Financial Supervisory Authority (EFSA).

He added that this delay does not mean that the law is canceled but it could be because its being amended.

During his meeting with Egyptian Capital Market Association (ECMA) board of directors Sherif samy said that an Actuarial study will be conducted to evaluate Investor Protection Fund and they will discuss the proposals of its members through the Advisory Board in the EFSA which will evaluate those proposals.

Source : Arab Finance