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Egypt to lower top tax rate and thresholdEgypt will lower the top tax rate and threshold for companies and individuals in high income brackets and freeze a 10 per cent tax on capital gains within two weeks in order to attract investors and boost the economy, the finance minister has sa More… |
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Egypt puts capital gains tax on holdEgypt has put a 10 per cent tax on capital gains on hold for two years, but a 10 per cent tax on stock dividends will remain, the government said in a statement, confirming a Reuters story. Government spokesman Hossam Al-Qawish sa More… |
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Egypt imposes tax on capital gains, dividendsEgypt's president has approved a law imposing a new 10 per cent tax on capital gains and stock dividends, as the country seeks to revive an economy battered by more than three years of political turmoil. The tax applies to div More… |
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Egypt waters down stock market taxEgypt watered down a capital gains tax on stock market profits it announced last week, after the country's bourse recorded its biggest daily drop in almost a year on Sunday. Egypt is keen to encourage investment but also wants More… |
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Capital gain boosts Savola's Q1 net profitSaudi-based Savola Group on Sunday posted a 104 percent rise in net profit during the first quarter, almost half of which came from non-recurring capital gains, beating analyst forecasts. The firm, whose products include edible oil, sugar More… |
