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Egyptian Cabinet Approves Additional COVID-19 Relief Measures Focusing on the Egyptian Stock Exchange

|Approved Changes|Egypt
Egypt

The Egyptian Cabinet has reportedly approved additional relief measures in light of the COVID-19 pandemic. Several of the measures are in relation to the Egyptian Stock Exchange (EGX) and include:

  • The suspension of capital gains tax on gains from the disposal of securities listed on the EGX to 31 December 2021 for residents, while a permanent suspension (exemption) is provided for non-resident…

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