Egypt approves 10pc capital gains tax
Cairo, May 29, 2014
Egypt's government approved a 10 per cent capital gains tax on stock market profits, dividends and bonus shares, the country's Finance Minister Hany Dimian told Reuters in a phone interview on Thursday.
"The council of ministers agreed to impose a 10 per cent tax on net capital gains that individuals make at the end of the tax year," Dimian said.
"A tax of 10 percent was also imposed on cash dividends and bonus shares." - Reuters
