{"id":649518,"date":"2017-03-02T04:12:40","date_gmt":"2017-03-02T04:12:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/"},"modified":"2017-03-02T04:12:40","modified_gmt":"2017-03-02T04:12:40","slug":"stamp-tax-could-be-increased-gradually-el-garhy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/","title":{"rendered":"Stamp tax could be increased gradually -El Garhy"},"content":{"rendered":"

<\/a> A stamp tax on EGX trades could start at 0.175% on each of the buyer and seller <\/strong>and gradually rise from there<\/strong>, Finance Minister Amr El Garhy told Bloomberg<\/a>. El Garhy gave no details on the increase, but said the proposal, while yet to be finalised, could be submitted to the cabinet for discussion as early as next week. Al Borsa says<\/a>, however, that El Garhy has actually proposed an initial tax of 0.125% that would gradually increase to 0.175% over three years. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

A stamp tax on EGX trades could start at 0.175% on each of the buyer and seller and gradually rise from there, Finance Minister Amr El Garhy told Bloomberg. El Garhy gave no details on the increase, but said the proposal, while yet to be finalised, could be submitted to the cabinet for discussion as […]<\/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-649518","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5c6dcc96-47a6-44a1-a23f-5a9d9283454b","order":"0","is_powered_by":true,"section_story_id":"4e7b4344-d756-44ce-a21a-6e082bd6dfbb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649512],"teaser":"","voice_url":""},"yoast_head":"\nStamp tax could be increased gradually -El Garhy - 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\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stamp tax could be increased gradually -El Garhy\" \/>\n<meta property=\"og:description\" content=\"A stamp tax on EGX trades could start at 0.175% on each of the buyer and seller and gradually rise from there, Finance Minister Amr El Garhy told Bloomberg. El Garhy gave no details on the increase, but said the proposal, while yet to be finalised, could be submitted to the cabinet for discussion as […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-02T04:12:40+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\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Stamp tax could be increased gradually -El Garhy\",\"datePublished\":\"2017-03-02T04:12:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/\"},\"wordCount\":88,\"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\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/\",\"name\":\"Stamp tax could be increased gradually -El Garhy - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-03-02T04:12:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stamp tax could be increased gradually -El Garhy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stamp tax could be increased gradually -El Garhy - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/stamp-tax-could-be-increased-gradually-el-garhy\/","og_locale":"en_US","og_type":"article","og_title":"Stamp tax could be increased gradually -El Garhy","og_description":"A stamp tax on EGX trades could start at 0.175% on each of the buyer and seller and gradually rise from there, Finance Minister Amr El Garhy told Bloomberg. 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The tax is expected to add EGP 1 bn in revenues to the state budget during the first year of its\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":649611,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/investment-minister-nasr-discusses-repercussions-of-stamp-tax-with-efsa-egx\/","url_meta":{"origin":649518,"position":1},"title":"Investment Minister Nasr discusses repercussions of stamp tax with EFSA, EGX","author":"enterpriseam admin","date":"5 March 2017","format":false,"excerpt":"Nasr orders full report on stamp tax, including alternatives: Investment and International Cooperation Minister Nasr ordered a \u201cfull report\u201d on the effects and alternatives to imposing a stamp tax on stock market transactions to ensure the market and the government\u2019s reform program are not harmed, at a meeting with Egyptian\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":567561,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/22-rolling-mills-to-halt-production-on-steel-import-tariffs\/","url_meta":{"origin":649518,"position":2},"title":"22 rolling mills to halt production on steel import tariffs","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"Row over steel import tariffs flares up again: Twenty-two steel rolling mills will suspend production in protest at the government\u2019s decision to place import tariffs on steel rebar and iron billets, according to the local press. The Trade Ministry last year introduced a 25% duty on steel rebar imports and\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\/705.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649462,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/01\/sahar-nasr-to-meet-with-brokerages-and-securities-firms-over-stamp-tax-next-week\/","url_meta":{"origin":649518,"position":3},"title":"Sahar Nasr to meet with brokerages and securities firms over stamp tax next week","author":"enterpriseam admin","date":"1 March 2017","format":false,"excerpt":"Government to meet with brokerages houses next week to hash out the stamp tax: Investment and International Cooperation Minister Sahar Nasr is planning to sit down with brokerage firms next week to address their concerns about a proposed stamp tax on stock market transactions, Al Borsa reports. 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