On 30 June 2014, Decree-Law No. 53 for 2014 was published in Egypt's Official Gazette. The new law includes the introduction of a 10% capital gains tax on annual net gains and cash dividends from companies listed on the Egyptian stock exchange. It applies from 1 July 2014.
Although an exemption for annual amounts of up to EGP 10,000 was increased to EGP 15,000 in the approved draft following a strong negative reaction from the market, in the published version the exemption remains at EGP 10,…