Egypt considers waiver of capital gain tax on EGX transactions

Updated 9/9/2024 12:23:00 PM
Egypt considers waiver of capital gain tax on EGX transactions

Arab Finance: The Egyptian government is looking to cancel the capital gain tax levied on the Egyptian Exchange’s (EGX) transactions, Minister of Investment and Foreign Trade Hassan El Khatib told Asharq Business.

El Khatib revealed that the decision is set to be made within three weeks.

On May 1st, the cabinet announced that taxes imposed on capital gains arising from the sale of securities listed on the EGX would be collected as of the tax season of March-April 2025 through Misr for Central Clearing, Depository, and Registry (MCDR). 

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