The Egyptian government is, reportedly, introducing new amendments to the capital gains tax (CGT).
Resident EGX investors are subject to CGT, & investors could be temporarily exempt from paying the tax starting January 2022 until the implementation of the new amendments.
The main goal behind these amendments is to maintain the attractiveness of the stock market, which has been impacted by the depreciation of the Egyptian pound.
Sources stated that there is no intention to completely cancel the CGT.
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