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Egypt’s parliament approves scraping stamp tax rise on stock trades

Egypt’s parliament approves scraping stamp tax rise on stock trades
The stamp duty will be kept at EGP 1.5

Cairo – Mubasher: Egypt’s parliament has approved a draft law maintaining stamp duty tax on trading on the Egyptian Exchange (EGX) at EGP 1.5 per 1,000 until 16 May 2020, Middle East News Agency (MENA) reported.

The law includes cancelling the third increase of the stamp duty tax to be kept at EGP 1.5 per 1,000 for both sellers and buyers.

The stamp duty was planned to be increased to EGP 1.75 starting from June.