EGX to Postpone the Capital Gain Tax

EGX to Postpone the Capital Gain Tax

With the framework of the government efforts to support the investment environment in Egypt, the Egyptian government announced on 18 May 2015 postponing the execution of the Capital Gain Tax decision. The decision aims to maintain the competitiveness of the Egyptian Exchange taking into consideration its repercussions on the Egyptian economy and on its ability to attract more investments.

This decision comes within The Prime Minister & the Minister of Investment visit to the Egyptian Exchange for the Opening of the trading session.