{"id":660583,"date":"2025-02-13T00:00:00","date_gmt":"2025-02-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/fresh-details-on-amendments-to-the-tax-law-capital-gains-tax-on-egx-transactions\/"},"modified":"2025-02-13T00:00:00","modified_gmt":"2025-02-13T00:00:00","slug":"fresh-details-on-amendments-to-the-tax-law-capital-gains-tax-on-egx-transactions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/fresh-details-on-amendments-to-the-tax-law-capital-gains-tax-on-egx-transactions\/","title":{"rendered":"Fresh details on amendments to the tax law, capital gains tax on EGX transactions"},"content":{"rendered":"

Good afternoon, wonderful people, and congrats on making it through another week.<\/strong> We\u2019re winding down for the weekend, but the news shows no signs of letting up, so let\u2019s dive in. <\/p>\n

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THE BIG STORY TODAY<\/p>\n

#1- <\/strong>Madbouly\u2019s government is set to finalize the executive regulations for <\/strong>amendments to the tax law in the coming days, <\/strong>after finalizing the fate of the capital gains tax on EGX transactions, government sources tell EnterpriseAM. The cabinet is set to meet today with officials from the EGX, the Finance Ministry, and the Misr Clearing and Depository Company to discuss alternatives to the capital gains tax \u2014 particularly a stamp tax on EGX transactions.<\/p>\n

Refresher- <\/strong>A government source last week<\/a> told EnterpriseAM that the long-awaited and repeatedly delayed capital gains tax on EGX transactions may never come, with officials now considering reinstating a 0.15% stamp tax on all EGX transactions as a simpler alternative to the capital gains tax.<\/p>\n

New<\/strong> details on customs facilitations: <\/strong>Deputy Finance Minister for Taxes Sherif Al Kilani noted that soon-to-be-announced customs facilitations would allow companies to pay customs on raw materials in installments for the first time, adding that once the facilitations are complete, the government will turn its focus to its long-awaited tax policy document<\/a>.<\/p>\n

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#2- Catalyst Partners\u2019 capital hike via private placement is set to kick off Sunday: <\/strong>An additional 22.5 mn shares of of impact investor Catalyst Partners\u2019 SPAC, Catalyst Partners Middle East (CPME), will begin trading on the EGX on Sunday, 16 February, with shares priced at EGP 10 a pop, according to an EGX bulletin<\/a>. The private placement will see CPME bump its issued and paid-up capital to EGP 235 mn, up from EGP 10 mn. The offering is only open to qualified institutional investors.<\/p>\n

ICYMI-<\/strong> CPME became the first SPAC to ever be listed on the EGX in November<\/a>, after it listed 1 mn shares with a par value of EGP 10 per share\u2014 bringing its total issued capital to EGP 10 mn.<\/p>\n

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THE BIG STORY ABROAD<\/p>\n

Today\u2019s int\u2019l headlines are squarely focused on US president Donald Trump\u2019s latest <\/strong>statements on the Russia-Ukraine war<\/strong>, with the administration ruffling feathers across the Atlantic with the suggestion that the US will not back a return to Ukraine\u2019s pre-2014 borders or Nato membership for Kiev in upcoming peace talks. The US\u2019 stance has unsettled European officials ahead of the Munich Security Conference tomorrow, with many expecting Trump to tell them they must bear the cost for Ukrainian reconstruction and deploy troops there, all to maintain a peace deal in which they will have little say.<\/p>\n

Meanwhile, former US officials are scratching their heads at Trump\u2019s casual ceding of <\/strong>leverage ahead of the negotiations.<\/strong> \u201cWhy is the Trump administration giving Putin gifts \u2014 Ukrainian land and no Nato membership for Ukraine \u2014 before negotiations even begin?\u201d asked former US ambassador to Russia under the Obama administration Michael McFaul in a post on X<\/a>. \"I've negotiated with the Russians. You never give up anything to them for free,\u201d the former ambassador added. (Reuters<\/a> | Financial Times<\/a>)<\/p>\n

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