{"id":597904,"date":"2019-05-08T02:53:12","date_gmt":"2019-05-08T02:53:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/"},"modified":"2019-05-08T02:53:12","modified_gmt":"2019-05-08T02:53:12","slug":"finmin-calls-off-egx-stamp-tax-increase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/","title":{"rendered":"FinMin calls off EGX stamp tax increase"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>FinMin calls off EGX stamp<\/b> <b>tax increase: <\/b>The Finance Ministry will not increase the stamp tax on EGX transactions this year. The move is meant to ease the financial burden on traders, <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-a1-7-5-2019.aspx\">according to a ministry statement<\/a>. The tax was scheduled to increase to 0.175% from 0.15% on 1 June. The ministry introduced the tax at <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/02\/what-were-tracking-on-02-july-2017\/\">0.125% in 2017<\/a>, and planned to increase it annually over a three-year period. We <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/07\/capital-market-authorities-consider-lowering-egx-fees\/\">reported yesterday<\/a> that EGX regulators were looking at ways to mitigate the impact of the tax hike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FinMin calls off EGX stamp tax increase: The Finance Ministry will not increase the stamp tax on EGX transactions this year. The move is meant to ease the financial burden on traders, according to a ministry statement. The tax was scheduled to increase to 0.175% from 0.15% on 1 June. The ministry introduced the tax [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597904","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"74c05835-1744-4887-9370-19b67c54f236","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[597899],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FinMin calls off EGX stamp tax increase - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin calls off EGX stamp tax increase\" \/>\n<meta property=\"og:description\" content=\"FinMin calls off EGX stamp tax increase: The Finance Ministry will not increase the stamp tax on EGX transactions this year. The move is meant to ease the financial burden on traders, according to a ministry statement. The tax was scheduled to increase to 0.175% from 0.15% on 1 June. The ministry introduced the tax [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-08T02:53:12+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin calls off EGX stamp tax increase\",\"datePublished\":\"2019-05-08T02:53:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/\",\"name\":\"FinMin calls off EGX stamp tax increase - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-05-08T02:53:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FinMin calls off EGX stamp tax increase\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FinMin calls off EGX stamp tax increase - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/","og_locale":"en_US","og_type":"article","og_title":"FinMin calls off EGX stamp tax increase","og_description":"FinMin calls off EGX stamp tax increase: The Finance Ministry will not increase the stamp tax on EGX transactions this year. 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trades and to slash by as much as one third the stamp tax on EGX\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598542,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/finmin-egyptian-bourse-are-in-serious-talks-over-amending-capital-gains-tax-framework\/","url_meta":{"origin":597904,"position":1},"title":"FinMin, Egyptian bourse are in \u201cserious talks\u201d over amending capital gains tax framework","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin, EGX are in \u201cserious talks\u201d to bring in a capital gains tax next year: The Finance Ministry and EGX are working on potential scenarios for the implementation of a capital gains tax on stock market transactions when the levy comes back into effect next year, EGX boss Mohamed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598994,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/16\/bourse-misr-clearing-to-refund-additional-stamp-tax-payments-when-house-approve-amendments\/","url_meta":{"origin":597904,"position":2},"title":"Bourse, Misr Clearing to refund additional stamp tax payments when house approve amendments","author":"enterpriseam admin","date":"16 June 2019","format":false,"excerpt":"Traders can expect stamp tax refunds when the House approves scrapping the recent increase: The EGX and Misr for Central Clearing, Depository and Registry will refund investors who paid the newly increased stamp tax that came into effect 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