On 12 November 2015, the Egyptian tax authorities published Guideline No. 28/2015, which clarifies changes to the tax treatment of dividends, capital gains, and individual income under Law No. 96, published 20 August 2015 ({News-2015-08-28/A/2- previous coverage}). The main points of the guidelines are summarized as follows.

Dividends Withholding Tax

The dividends withholding tax for dividen…