Egypt Amends Tax Laws for New Capital Gain, Stamp Tax and Personal Tax Rules
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…