Executive summary
Egypt published Decree No. 610 of 2020 in the Official Gazette on 13 December 2020. The decree introduces the Egyptian Tax Authority guidelines on the tax treatment of capital gains realized by nonresidents on the sale or disposal of securities that are not listed on the Egyptian Stock Exchange.
The guidelines aim to assist nonresidents, whether natural or legal persons, to understand the tax-related procedures that should be followed when selling or disposing unlisted secur…