{"id":648169,"date":"2017-05-30T03:59:08","date_gmt":"2017-05-30T03:59:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/house-approves-capital-markets-stamp-tax-law-criminalizing-cheating-in-plenary-session-vote\/"},"modified":"2017-05-30T03:59:08","modified_gmt":"2017-05-30T03:59:08","slug":"house-approves-capital-markets-stamp-tax-law-criminalizing-cheating-in-plenary-session-vote","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/house-approves-capital-markets-stamp-tax-law-criminalizing-cheating-in-plenary-session-vote\/","title":{"rendered":"House approves capital markets stamp tax, law criminalizing cheating in plenary session vote"},"content":{"rendered":"

<\/a> House approves capital markets stamp tax and a law criminalizing cheating:<\/strong> 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<\/a> on the buy- and sell-sides of capital markets transactions, Al Borsa says.<\/a> The duty, which replaces the suspended<\/a> capital gains tax, will rise in steps to 0.175% by its third year in effect. The measure still needs to be ratified by the presidency and published in the Official Gazette before it comes into effect, probably within days, as Vice Minister of Finance Amr El Monayer had previously said that tax would be enforced in late May or early June.<\/p>\n

The House also voted to approve a bill that sets strict punishments and high fines for <\/strong>cheating on high school exams<\/strong><\/a>,Ahram Gate says<\/a>. The law will see teachers and administrators found to have leaked exams face from 2-7 years in prison and pay fines of EGP 100-200k, while students caught cheating will face a year in prison and fines of EGP 5-10k.<\/p>\n","protected":false},"excerpt":{"rendered":"

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, which replaces the suspended capital […]<\/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-648169","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"273b7d2d-c5a8-4633-b7cb-fd03ea78d6b0","order":"0","is_powered_by":true,"section_story_id":"50ef5024-b10f-4bf0-9429-256bcaf17026","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648161],"teaser":"","voice_url":""},"yoast_head":"\nHouse approves capital markets stamp tax, law criminalizing cheating in plenary session vote - 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\/30\/house-approves-capital-markets-stamp-tax-law-criminalizing-cheating-in-plenary-session-vote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House approves capital markets stamp tax, law criminalizing cheating in plenary session vote\" \/>\n<meta property=\"og:description\" content=\"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. 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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":647478,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/","url_meta":{"origin":648169,"position":3},"title":"Council of State signs off on stamp tax duty, sends to House","author":"enterpriseam admin","date":"11 May 2017","format":false,"excerpt":"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.\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":575129,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/new-stamp-tax-on-securities-will-see-the-government-collect-up-to-0-125-on-every-transaction\/","url_meta":{"origin":648169,"position":4},"title":"New stamp tax on securities will see the government collect up to 0.125% on every transaction","author":"enterpriseam admin","date":"4 October 2020","format":false,"excerpt":"Lower stamp tax on EGX transactions is now in effect: Amendments to the Stamp Tax Act that lower the stamp tax on EGX transactions and the withholding tax on dividends are now the law of the land following President Abdel Fattah El Sisi\u2019s sign-off, according to a Financial Regulatory Authority\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":571638,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/house-gives-preliminary-nod-to-stamp-tax-amendments-looks-set-to-give-tax-break-to-state-owned-enterprises-suspends-agriculture-land-tax\/","url_meta":{"origin":648169,"position":5},"title":"House gives preliminary nod to stamp tax amendments, looks set to give tax break to state-owned enterprises, suspends agriculture land tax","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"LEGISLATION WATCH- House gives preliminary nod to stamp tax amendments, looks set to give tax break to state-owned enterprises, suspends agriculture land tax: The House of Representatives\u2019 general assembly yesterday gave preliminary approval to government proposals to cut stamp tax on EGX transactions and withholding tax on dividends, Al Mal\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\/202.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=648169"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648169\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648161"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648169"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648169"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}