Africa Business Radio

Egypt To Amend Tax Law On Capital Gains

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Synopsis

Prime Minister Mostafa Madbouli held a meeting to discuss the proposed amendments to the law on taxes on capital gains. The premier pointed out that the meeting aimed to review steps agreed upon at the previous meeting and reach an agreement on these amendments in a prelude to taking the necessary procedures on this score. The finance minister noted that they are related to tax files, costs on shareholding and share acquisition, investment funds and profits. A spokesman for Cabinet Nader Saad says that the respective legislative procedures will be taken through referring the proposed amendments to the cabinet and the parliament.