Egypt: Cabinet, FRA discuss proposed amendments to capital gains tax with stakeholders
- 07 January 2022 / News / 165 / Amira
The Cabinet discussed on Wednesday the legislative amendments proposed on the capital gains tax with some government and industry stakeholders, including the Financial Regulatory Authority and the Egyptian Capital Market Association.
Some of the amendments that were agreed upon include tax files and approved costs, specifically the share acquisition price upon implementation, the mandatory costs, the additional cost for natural persons only; as well as the initial offerings, which include the acquisition cost of shares, the initial offering of capital increase, and share swaps.
The proposal also included tax treatment of investment funds, including cash and fixed income investment funds, equity funds, venture capital funds, and charity funds, in addition to cash dividends.
Egypt ranks 4th in value of energy projects across Middle East, North Africa during 2022-2026: APICORP
- 27 July 2022
CAIRO – 26 July 2022: Egypt comes in the fourth lace regarding the value of energy projects across the Middle East and North Africa (MENA) region during 2022-2026, Arab Petroleum Investments Corporati...
Egyptian-Indian trade exchange hit record of $7.26 billion in FY 2021-2022: Amb.
- 27 July 2022
CAIRO – 26 July 2022: Trade exchange between Egypt and India hit a record of $7.26 billion in the fiscal year 2021-2022 up by 75 percent from the previous year, Indian Ambassador to Cairo Ajit Gupte h...