{"id":648222,"date":"2017-05-31T03:57:25","date_gmt":"2017-05-31T03:57:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/"},"modified":"2017-05-31T03:57:25","modified_gmt":"2017-05-31T03:57:25","slug":"capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/","title":{"rendered":"Capital markets stamp tax to go into effect the first week of June"},"content":{"rendered":"

<\/a> The stamp tax on capital market transactions is expected to be implemented in <\/strong>the first week of June<\/strong>, Vice Minister of Finance Amr El Monayer told Reuters\u2019 Arabic service<\/a>. El Monayer says Misr for Central Clearing, Depository and Registry will be responsible for collecting the tax. The House of Representatives approved the levy on Monday<\/a> and it awaits approval by the president and publication in the Official Gazette before coming into force. Reuters says the tax is expected to generate EGP 1-1.5 bn in FY 2017-18; the news agency has the key facts about the <\/strong>stamp duty here<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 approved the levy on Monday […]<\/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-648222","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"746160a5-01aa-4f26-9e90-075e1eedac82","order":"0","is_powered_by":true,"section_story_id":"61684082-34ca-4449-93de-eb5b8f73bdb8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648211],"teaser":"","voice_url":""},"yoast_head":"\nCapital markets stamp tax to go into effect the first week of June - 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\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital markets stamp tax to go into effect the first week of June\" \/>\n<meta property=\"og:description\" content=\"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 approved the levy on Monday […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-31T03:57:25+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\/2017\/05\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Capital markets stamp tax to go into effect the first week of June\",\"datePublished\":\"2017-05-31T03:57:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/\"},\"wordCount\":111,\"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\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/capital-markets-stamp-tax-to-go-into-effect-the-first-week-of-june\/\",\"name\":\"Capital markets stamp tax to go into effect the first week of June - 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El\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":648222,"position":1},"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":647634,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/house-budget-committee-signs-off-on-capital-markets-stamp-tax\/","url_meta":{"origin":648222,"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":647478,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/council-of-state-signs-off-on-stamp-tax-duty-sends-to-house\/","url_meta":{"origin":648222,"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":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":648222,"position":4},"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":634701,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/tax-revenues-up-62-y-o-y-in-1h2017-18\/","url_meta":{"origin":648222,"position":5},"title":"Tax revenues up 62% y-o-y in 1H2017-18","author":"enterpriseam admin","date":"22 January 2018","format":false,"excerpt":"Tax revenues for the 1H2017-18 grew 62% y-o-y to EGP 249 bn, Vice Minister of Finance Amr El Monayer said yesterday, Al Mal reports. 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