{"id":652880,"date":"2017-01-22T04:37:25","date_gmt":"2017-01-22T04:37:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/"},"modified":"2017-01-22T04:37:25","modified_gmt":"2017-01-22T04:37:25","slug":"stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/","title":{"rendered":"Stock market stamp tax could be reintroduced, gov\u2019t looking to suspend capital gains tax"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014<\/strong>, two finance ministry sources told <a href=\"http:\/\/www.reuters.com\/article\/egypt-economy-tax-idUSL5N1F91X2\">Reuters<\/a> on Thursday. Reuters\u2019 sources spoke after the IMF loan documents to Egypt said some form of a capital gains or stamp duty will be implemented in FY2017-18. \"We are studying temporarily re-imposing a stamp duty on stock market transactions pending the return to a capital gains tax, which has been postponed since May 2015,\" one of the sources told the newswire. \"Now is the right time to impose a tax on the bourse, as it is in its best possible state. <strong>The tax rate will be much higher than it was previously<\/strong>, which was 1 pound per 1,000. We are now looking at the volumes and values of stock market transactions to make it fair,\" another Finance Ministry source said.<\/p>\n<p><strong>\u2026The return to a capital gains tax is not a foregone conclusion, however: <\/strong>The Finance Ministry issued <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-a-19-1-17.aspx\">a statement<\/a> saying it is working on getting the implementation of the capital gains tax delayed for three more years. Implementing the capital gains tax was put on hold for two years <a href=\"http:\/\/www.reuters.com\/article\/egypt-tax-stocks-idUSL5N0Y91FO20150518\">in May 2015<\/a>. The ministry said it is still bound by the supreme investment council\u2019s decision to suspend the implementation of the capital gains tax until 16 May, 2017, but that it is also looking on amending the provisions for the tax itself along with \u201cother investment law incentives\u201d to be included with the income tax law. The ministry said it is aiming to have the provisions passed on to parliament for approval before the expiration date in May and stressed that the IMF\u2019s report is not at odds with the decision to delay the implementation of the tax. <strong>The EGX30 lost 3.74% on Thursday following the reports<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two finance ministry sources told Reuters on Thursday. Reuters\u2019 sources spoke after the IMF loan documents to Egypt said some form of a capital gains or stamp duty will be implemented in FY2017-18. \"We are studying [&hellip;]<\/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-652880","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b1db92f0-af2d-41dc-994c-8cab5f8dc1f9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652873],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Stock market stamp tax could be reintroduced, gov\u2019t looking to suspend capital gains 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\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock market stamp tax could be reintroduced, gov\u2019t looking to suspend capital gains tax\" \/>\n<meta property=\"og:description\" content=\"Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two finance ministry sources told Reuters on Thursday. Reuters\u2019 sources spoke after the IMF loan documents to Egypt said some form of a capital gains or stamp duty will be implemented in FY2017-18. &quot;We are studying [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-22T04:37:25+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\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\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Stock market stamp tax could be reintroduced, gov\u2019t looking to suspend capital gains tax\",\"datePublished\":\"2017-01-22T04:37:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/\"},\"wordCount\":312,\"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\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/stock-market-stamp-tax-could-be-reintroduced-govt-looking-to-suspend-capital-gains-tax\/\",\"name\":\"Stock market stamp tax could be reintroduced, gov\u2019t looking to suspend capital gains tax - 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Proposed amendments could have the government refund a portion of the stamp duty if its value exceeded capital gains that are paid towards the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597948,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-govt-doesnt-intend-to-reintroduce-the-capital-gains-tax\/","url_meta":{"origin":652880,"position":1},"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). The government doesn't intend to reintroduce the capital gains tax on gains made on the stock market anytime soon despite deciding earlier this week to keep the stamp tax on EGX trades unchanged at 0.150%, government sources told\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":652880,"position":2},"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 &quot;Speed Round&quot;","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":650096,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/cabinets-economic-group-approves-stamp-tax\/","url_meta":{"origin":652880,"position":3},"title":"Cabinet\u2019s economic group approves stamp tax","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"The cabinet economic group approved yesterday the Finance Ministry\u2019s proposed 0.125% stamp tax on stock market transactions, which will be discussed during the cabinet\u2019s next regular meeting, Youm7 reports. 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 &quot;Speed Round&quot;","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":650955,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/01\/finance-ministry-efsa-negotiate-stamp-duty-tax-rate\/","url_meta":{"origin":652880,"position":4},"title":"Finance Ministry, EFSA negotiate stamp duty tax rate","author":"enterpriseam admin","date":"1 February 2017","format":false,"excerpt":"A proposed stamp tax on stock market trades will be set higher than the 0.1% that was imposed temporarily in 2013, sources told Al Shorouk. The Finance Ministry is discussing the exact rate with the Egyptian Supervisory Authority (EFSA), a source at EFSA said. The stamp tax will be collected\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598827,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/house-planning-and-budget-committee-to-discuss-unifying-capital-gains-tax\/","url_meta":{"origin":652880,"position":5},"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 &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652880","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=652880"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652880\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652873"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652880"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652880"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}