{"id":649611,"date":"2017-03-05T04:31:12","date_gmt":"2017-03-05T04:31:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/investment-minister-nasr-discusses-repercussions-of-stamp-tax-with-efsa-egx\/"},"modified":"2017-03-05T04:31:12","modified_gmt":"2017-03-05T04:31:12","slug":"investment-minister-nasr-discusses-repercussions-of-stamp-tax-with-efsa-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/investment-minister-nasr-discusses-repercussions-of-stamp-tax-with-efsa-egx\/","title":{"rendered":"Investment Minister Nasr discusses repercussions of stamp tax with EFSA, EGX"},"content":{"rendered":"

Nasr orders full report on stamp tax, including alternatives:<\/strong> 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 Financial Supervisory Authority head Sherif Samy on Thursday. Samy tells Al Mal<\/a> that a decision on the tax must be taken as soon as possible. The proposed stamp tax, which the Tax Authority had suggested last week<\/a> would be \u201cideal\u201d at 0.175%, is expected to be submitted to the cabinet\u2019s economic group for discussion within days. Finance Ministry Amr El Garhy had said that the tax could be increased gradually<\/a>, but gave no details on the increase. Nasr also discussed protecting minority shareholders at a meeting with EGX Chairman Mohamed Omran, according to a ministry statement<\/a>. Nasr and Omran looked into the upcoming amendments planned for the Capital Market\u2019s Law, which could entail changes to how private placements are regulated, the issuance of sukuks and give the EGX flexibility to set lower listing fees to attract smaller companies to the bourse.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 Financial Supervisory Authority head Sherif […]<\/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-649611","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3b14101a-3d5d-4bd1-8d3b-92346699f635","order":"0","is_powered_by":true,"section_story_id":"4bdc181e-f20a-4032-90d0-e2ad85e8ccc0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649601],"teaser":"","voice_url":""},"yoast_head":"\nInvestment Minister Nasr discusses repercussions of stamp tax with EFSA, EGX - 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Now, the members of the Securities Division at the Federation of Egyptian Chambers of Commerce have met with EGX Chief Mohamed Omran and members of the 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":594874,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/maait-denies-egypt-is-planning-to-raise-stamp-tax-rates\/","url_meta":{"origin":649611,"position":4},"title":"Maait denies Egypt is planning to raise stamp tax rates","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"The Finance Ministry is not planning to raise stamp tax rates, Maait said at the Euromoney conference yesterday, according to Al Mal. 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