Reference to what has been circulated about imposing taxes on capital gains achieved in the Egyptian Exchange, ministry of finance confirmed that the calculation of the tax on profits will be on the net value of the market capitalization portfolio by the end of year, compared to its value at the date of approving that law regardless of the purchase date preceding this law, taking into consideration to relay any losses achieved by the investor for the coming 3 years.
FTSE Mondo Visione Exchanges Index:
A Release From The Egyptian Ministry Of Finance With Regard To Impose Of Taxes On Capital Gains Of The Egyptian Exchange
Date 29/05/2014