{"id":645750,"date":"2017-07-30T03:55:22","date_gmt":"2017-07-30T03:55:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/"},"modified":"2017-07-30T03:55:22","modified_gmt":"2017-07-30T03:55:22","slug":"stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/","title":{"rendered":"Stamp tax executive regulations, income tax breaks out in Official Gazette"},"content":{"rendered":"

Stamp tax on EGX transactions, income tax cuts are now official: <\/strong>The amended executive regulations for the new stamp tax on capital market transactions were published in Wednesday\u2019s issue of the Official Gazette<\/a>, AMAY said<\/a> on Friday. The stamp tax \u2014 a 0.125% levy imposed on both sides of any capital market transaction that gradually rises to 0.175% by its third year \u2014 came into law in early July<\/a> after President Abdel Fattah El Sisi signed it. Also in the Official Gazette<\/a> this weekend were the income tax breaks approved by the House of Representatives last month. Last week<\/a>, the Tax Authority had signed off on the decision, which gives employees earning under EGP 200k a year tax cuts of up to 80% and exempts those earning anything below minimum wage starting this July.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stamp tax on EGX transactions, income tax cuts are now official: The amended executive regulations for the new stamp tax on capital market transactions were published in Wednesday\u2019s issue of the Official Gazette, AMAY said on Friday. The stamp tax \u2014 a 0.125% levy imposed on both sides of any capital market transaction that gradually […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645750","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5da637df-c05c-4601-8894-cc08fffaa083","order":"0","is_powered_by":true,"section_story_id":"bff3d6ca-fab8-437e-95ea-89c761aac838","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645742],"teaser":"","voice_url":""},"yoast_head":"\nStamp tax executive regulations, income tax breaks out in Official Gazette - 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\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stamp tax executive regulations, income tax breaks out in Official Gazette\" \/>\n<meta property=\"og:description\" content=\"Stamp tax on EGX transactions, income tax cuts are now official: The amended executive regulations for the new stamp tax on capital market transactions were published in Wednesday\u2019s issue of the Official Gazette, AMAY said on Friday. The stamp tax \u2014 a 0.125% levy imposed on both sides of any capital market transaction that gradually […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-30T03:55:22+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Stamp tax executive regulations, income tax breaks out in Official Gazette\",\"datePublished\":\"2017-07-30T03:55:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/\"},\"wordCount\":141,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/stamp-tax-executive-regulations-income-tax-breaks-out-in-official-gazette\/\",\"name\":\"Stamp tax executive regulations, income tax breaks out in Official Gazette - 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El Monayer says Misr for Central Clearing, Depository and Registry will be responsible for collecting the tax. The House of Representatives\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647634,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/","url_meta":{"origin":645750,"position":1},"title":"House Budget Committee signs off on capital markets stamp tax","author":"enterpriseam admin","date":"16 May 2017","format":false,"excerpt":"House Budget Committee signs off on capital markets stamp tax: The House of Representatives\u2019 Budgeting Committee signed off on the new 0.125% stamp tax (or EGP 1.25 for every EGP 1,000 in transaction value) that will be applied on the buy- and sell-sides of all capital market transactions once issued,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648169,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/house-approves-capital-markets-stamp-tax-law-criminalizing-cheating-in-plenary-session-vote\/","url_meta":{"origin":645750,"position":2},"title":"House approves capital markets stamp tax, law criminalizing cheating in plenary session vote","author":"enterpriseam admin","date":"30 May 2017","format":false,"excerpt":"House approves capital markets stamp tax and a law criminalizing cheating: The House of Representatives approved changes to the income tax law in a plenary session vote on Monday that will impose a 0.125% stamp tax on the buy- and sell-sides of capital markets transactions, Al Borsa says. The duty,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650479,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/finance-ministry-drafts-amendments-to-stamp-and-income-tax-laws-to-incorporate-new-stamp-tax-proposal\/","url_meta":{"origin":645750,"position":3},"title":"Finance Ministry drafts amendments to stamp and income tax laws to incorporate new stamp tax proposal","author":"enterpriseam admin","date":"26 March 2017","format":false,"excerpt":"The stamp tax is becoming official: The Finance Ministry has finished drafting amendments to the Income Tax Law to incorporate the stamp tax on EGX transactions okayed by the Ismail cabinet last week, Al Borsa reports. The amendments will impose a 0.125% levy, that will gradually increase to 0.175% over\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647720,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/finance-ministry-extends-moratorium-on-capital-market-taxes-until-stamp-tax-is-in-place\/","url_meta":{"origin":645750,"position":4},"title":"Finance Ministry extends moratorium on capital market taxes until stamp tax is in place","author":"enterpriseam admin","date":"17 May 2017","format":false,"excerpt":"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. 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