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Egypt’s Ministry of Finance confirmed in a statement on Thursday the news about imposing taxes on capital gains achieved in the Egyptian stock exchange (EGX).
The ministry stated that the that the calculation of the tax on profits will be on the net value of the market capitalization portfolio by the end of year, compared to its value at the date of approving that law regardless of the purchase date preceding this law, taking into consideration to relay any losses achieved by the investor for the coming 3 years.
