{"id":647634,"date":"2017-05-16T03:53:33","date_gmt":"2017-05-16T03:53:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/"},"modified":"2017-05-16T03:53:33","modified_gmt":"2017-05-16T03:53:33","slug":"house-budget-committee-signs-off-on-capital-markets-stamp-tax","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/","title":{"rendered":"House Budget Committee signs off on capital markets stamp tax"},"content":{"rendered":"

<\/a> House Budget Committee signs off on capital markets stamp tax:<\/strong> 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, Al Mal reported yesterday<\/a>. The duty \u2014 which will gradually increase to 0.175% by its third year in effect \u2014 could come to a plenary session vote any day now, but will only be enforced once ratified by the presidency <\/strong>and published in the official gazette, probably in late May or early June, according to Deputy Finance Minister Amr El Monayer<\/a>. Sell-siders: Reuters<\/a> has the story in English, so you\u2019ll want to touch base about this today with any particularly skittish clients. As originally conceived by cabinet, the stamp tax is two-sided and will be charged to both the buy- and sell-side of any transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

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, Al Mal reported yesterday. The […]<\/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-647634","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"95a240d9-6f35-4dcf-951b-627ac5e2af87","order":"0","is_powered_by":true,"section_story_id":"a0251758-e7ee-4158-a111-d75c97fdf769","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647623],"teaser":"","voice_url":""},"yoast_head":"\nHouse Budget Committee signs off on capital markets stamp tax - 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\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Budget Committee signs off on capital markets stamp tax\" \/>\n<meta property=\"og:description\" content=\"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, Al Mal reported yesterday. The […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-16T03:53:33+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\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House Budget Committee signs off on capital markets stamp tax\",\"datePublished\":\"2017-05-16T03:53:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/\"},\"wordCount\":160,\"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\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/\",\"name\":\"House Budget Committee signs off on capital markets stamp tax - 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The cabinet approved plans in March to slash stamp tax to 0.05%\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\/2020\/5\/140.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598913,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/12\/legislative-activity-is-ramping-up-in-the-house\/","url_meta":{"origin":647634,"position":1},"title":"Legislative activity is ramping up in the House","author":"enterpriseam admin","date":"12 June 2019","format":false,"excerpt":"LEGISLATION WATCH- It\u2019s the busiest day in the House since, well, last June: It\u2019s that time of the year, ladies and gentlemen, when our esteemed representatives are looking to close up shop before the summer recess. As is typical at this time of the year, the rate of legislative activity\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\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598827,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/house-planning-and-budget-committee-to-discuss-unifying-capital-gains-tax\/","url_meta":{"origin":647634,"position":2},"title":"House Planning and Budget Committee to discuss unifying capital gains tax","author":"enterpriseam admin","date":"10 June 2019","format":false,"excerpt":"LEGISLATION WATCH- House pushes ahead with proposal on capital gains tax reform: The House of Representatives\u2019 Planning and Budget Committee is planning to move forward with its plans to unify capital gains tax, despite the Tax Authority having already shot the idea down, the committee\u2019s deputy chair Yasser Omar told\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":570057,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/egypt-to-postpone-egx-capital-gains-for-one-more-year-slash-stamp-tax-sources\/","url_meta":{"origin":647634,"position":3},"title":"Egypt to postpone EGX capital gains for one more year, slash stamp tax -sources","author":"enterpriseam admin","date":"17 March 2020","format":false,"excerpt":"Gov\u2019t to postpone EGX capital gains for one more year, slash stamp tax -sources: Officials have reportedly agreed to delay reintroducing the capital gains on EGX transactions for one more year, and are planning to cut the provisional stamp tax to 0.05% from 0.15%, Al Mal reports, quoting unnamed sources\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":593996,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/finmin-approves-plan-to-kill-capital-gains-tax-on-egx-trades-cut-stamp-tax-by-a-third\/","url_meta":{"origin":647634,"position":4},"title":"FinMin approves plan to kill capital gains tax on EGX trades, cut stamp tax by a third","author":"enterpriseam admin","date":"16 October 2019","format":false,"excerpt":"FinMin approves plan to kill capital gains tax on EGX trades, cut stamp tax by a third: The Finance Ministry has \u201cpreliminarily approved\u201d proposals to scrap plans to introduce a capital gains tax on EGX trades and to slash by as much as one third the stamp tax on EGX\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\/2020\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597948,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-govt-doesnt-intend-to-reintroduce-the-capital-gains-tax\/","url_meta":{"origin":647634,"position":5},"title":"Egypt\u2019s gov\u2019t doesn't intend to reintroduce the capital gains tax","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"The capital gains tax on stock market transactions isn\u2019t coming back (yet). 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