CAIRO- 6 September 2021: The Egyptian Minister of Finance, Mohamed Maait, confirmed that no new taxes have been imposed on the stock exchange, denying any intention to do so. The minister explained that Ministerial Resolution No. 428 of 2021 includes the chronology of the amendments to the Income Tax Law promulgated by Law No. 91 of 2005, as well as the Stamp Tax Law promulgated by Law No. He stated that it included an explanation of legal terms and the definition of capital gains subject to income tax in relation to securities of all kinds, and legal responsibility in accordance with the provisions of the Income Tax Law.
