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Thndr Claps » EGY Claps » EGX 🔔 » Minister of Finance Denies Imposition of New Taxes on Capital Gains❌

Minister of Finance Denies Imposition of New Taxes on Capital Gains❌

by Shams Abbas
September 12, 2021
Minister of Finance Denies Imposition of New Taxes on Capital Gains, Thndr Claps, Thndr

The Clap
Minister of Finance Mohamed Maait said no new taxes have been imposed on the stock market and there is no intention to do so.

Who is affected🤷
EGX Chairman Dr. Mohamed Farid said the coming period will witness several meetings and discussions between the Ministry of Finance and market parties regarding the capital gains taxes.

The meetings will aim to clarify the significance of the matter, and paint a clearer picture for Dr. Maait.

Why is this important🤔
The EGX witnessed sharp declines last week after the Ministry published a guide on capital gains taxes through 2022.

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