Egypt's Ministry of Finance announced on 22 February 2019 that Egypt's president has signed into law amendments to the Income Tax Law No. 91 of 2005, which will be implemented with immediate effect. This includes changes in the taxation of interest income on treasury bills and bonds so that such income is included in a separate basket from all other income, resulting in the inability to deduct costs incurred in relation to such interest income for corporate tax purposes.
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