Egypt’s FRA sets up committee to coordinate capital markets tax policy

By Aya Anwar On Jul 19, 2026

Egyptian Financial Regulatory Authority's (FRA) headquarters in Cairo (FRA Photo)

Egypt’s Financial Regulatory Authority (FRA) has established a joint coordination committee with the Egyptian Exchange (EGX) and the Egyptian Tax Authority (ETA) to strengthen cooperation on the tax treatment of capital market activities, support market stability, and encourage investment.

The decision follows a recent meeting between FRA Chairman Islam Azam, Egyptian Tax Authority Chairwoman Rasha Abdel Aal, EGX Chairman Omar Redawan, and senior officials from the three institutions to discuss closer coordination on tax policies, training, and measures aimed at strengthening confidence between the tax administration and capital markets.

The committee will assess the tax implications of certain provisions of the Capital Market Law and prepare recommendations on the appropriate tax treatment of capital market activities. It will also draft a cooperation protocol to facilitate staff training and the exchange of technical expertise among the three entities.

The committee will oversee electronic integration between the Egyptian Tax Authority and the EGX and prepare joint guidance manuals outlining tax accounting mechanisms for listed and unlisted securities as well as investment funds, including a clear classification of all fund types.

It will also review and update existing tax treatment instructions to align with current legislation and market developments, while establishing mechanisms for collecting and remitting taxes on securities transactions and investment fund activities.

Azam said that the committee marks the first practical step towards building institutional capacity, enhancing training on the latest legislative and regulatory frameworks, and improving the efficiency of government officials dealing with financial markets and investors.

Attribution: Amwal Al Ghad English