11 Nov 2021

The Egyptian Cabinet has decided to support capital markets through a number of incentives aimed at making the markets more attractive to investors. These include reduced trading fees, a streamlined capital gains tax for locals that takes into consideration the investment’s opportunity cost, and lower taxes on mutual funds and IPO profits. The incentives also significantly simplify the tax payment process, deducting the capital gains tax automatically as opposed to having each investor open a file with the tax authority.

(Source: Reuters (English), Zawya (English), al-Ahram (English) (Arabic), Daily News Egypt (English), See News (English), Arab News (English), al-Maal, Mubasher, Amwal al-Ghad, Aalam al-Maal, al-Borsa, al-Youm al-Saabe, al-Masry al-Youm, al-Shurouk, al-Dustour, al-Watan, Akhbar al-Youm, al-Sharq Business, RT, CNBC Arabia)