{"id":647478,"date":"2017-05-11T03:59:03","date_gmt":"2017-05-11T03:59:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/"},"modified":"2017-05-11T03:59:03","modified_gmt":"2017-05-11T03:59:03","slug":"council-of-state-signs-off-on-stamp-tax-duty-sends-to-house","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/","title":{"rendered":"Council of State signs off on stamp tax duty, sends to House"},"content":{"rendered":"

Stamp tax on all capital market transactions back with the House for a final vote: <\/strong>Maglis Al Dawla (Council of State) has finished reviewing amendments to the Income Tax Law that will incorporate a stamp tax<\/a> on EGX transactions, Deputy Finance Minister Amr El Monayer told Al Borsa on Wednesday<\/a>. The amendments, which the Ismail cabinet had approved in March, impose a 0.125% duty that will gradually increase to 0.175% over a three-year span, on the buy- and sell-sides of all capital market transactions, as well as a 0.3% duty on transactions where 33% or more of a company\u2019s shares are being sold. The House of Representatives will receive the amended bill today. While El Monayer says a final vote should come by 17 May, we\u2019re expecting a delay after MPs reportedly went into recess yesterday until 29 May.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stamp tax on all capital market transactions back with the House for a final vote: Maglis Al Dawla (Council of State) has finished reviewing amendments to the Income Tax Law that will incorporate a stamp tax on EGX transactions, Deputy Finance Minister Amr El Monayer told Al Borsa on Wednesday. The amendments, which the Ismail […]<\/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-647478","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fa411c10-e80a-4641-a852-5c639468e17e","order":"0","is_powered_by":true,"section_story_id":"5efb9406-9570-43d3-a78f-2c981fce6646","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647464],"teaser":"","voice_url":""},"yoast_head":"\nCouncil of State signs off on stamp tax duty, sends to House - 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\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Council of State signs off on stamp tax duty, sends to House\" \/>\n<meta property=\"og:description\" content=\"Stamp tax on all capital market transactions back with the House for a final vote: Maglis Al Dawla (Council of State) has finished reviewing amendments to the Income Tax Law that will incorporate a stamp tax on EGX transactions, Deputy Finance Minister Amr El Monayer told Al Borsa on Wednesday. The amendments, which the Ismail […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-11T03:59:03+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\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Council of State signs off on stamp tax duty, sends to House\",\"datePublished\":\"2017-05-11T03:59:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/\"},\"wordCount\":147,\"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\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/\",\"name\":\"Council of State signs off on stamp tax duty, sends to House - 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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":648222,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/","url_meta":{"origin":647478,"position":1},"title":"Capital markets stamp tax to go into effect the first week of June","author":"enterpriseam admin","date":"31 May 2017","format":false,"excerpt":"The stamp tax on capital market transactions is expected to be implemented in the first week of June, Vice Minister of Finance Amr El Monayer told Reuters\u2019 Arabic service. 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":647478,"position":2},"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":647478,"position":3},"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":650302,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/cabinet-to-implement-stamp-tax-in-1-may\/","url_meta":{"origin":647478,"position":4},"title":"Cabinet to implement stamp tax in 1 May","author":"enterpriseam admin","date":"21 March 2017","format":false,"excerpt":"Speaking of which, the government will begin implementing the stamp tax on 1 May, Deputy Finance Minister Amr El Monayer said, adding that it will be collected on transactions in listed and non-listed stocks, bonds, and over the counter securities, as well as mergers and acquisitions, according to Reuters. 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