The Egyptian Government has approved Tax Laws 76 and 82 of 2017, which amend the Capital Gains Rules, the Stamp Duty and the Personal Income Tax:
- Prior to the amendment, Capital Gains for Egyptian residents who transferred listed securities were exempt from tax until May 16, 2017; the amendment extended this exemption another 3 years to May 16, 2020.
- The amendments also introduced new Capital Gain rules when an entity experiences a change in legal form - such as a cor…