The Finance Ministry issued a procedural document yesterday that extends the moratorium on implementing the capital gains taxes for stock-market transactions until the 0.125% stamp tax is approved by the House of Representatives and published in the official gazette, Al Borsa said on Tuesday. Deputy Finance Minister Amr El Monayer had said he expects the levy, which will increase gradually to 0.175% over a three-year period and replace the capital gains tax, to come into effect in late May or early June.
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