Egypt: Bourse Tax will not Affect Investment
Type
E-journal
Date
4 Jun 2014
Jurisdiction
Egypt
Taxonomy
Financial Institutions, Capital Gains Tax, Public Companies
Copyright
LexisNexis
Analysis
Egypt's Trade, Industry and Investment Minister, Muneer Fakhri Abdelnoor has said the new tax on Bourse capital gains will not affect investments.
The Egyptian government has recently imposed a new tax on Bourse capital gains in a bid to increase revenue and enhance public service budgets.
Abdelnoor added an objective study had been conducted to examine the possible impact of the new tax on the Bourse and had indicated Bourse performance had not been affected by the new tax.
For full story see: http://www.alsharq.net.sa/2014/06/03/1154424