CAIRO May 15 Reuters - Egypt expects to apply a stamp duty on stock exchange transactions from early next month, Amr al-Munir, deputy finance minister for fiscal policies, told Reuters. The House of Representatives' Budget Committee approved a draft law submitted by the government that would impose stamp duty on stock exchange transactions, to be paid by buyers and sellers. The duty has been set at 1.Stocks late-day turnaround
The measure, approved by the cabinet in March and originally expected to come into effect this month, must still be approved by parliament.
More than companies are listed on the Egyptian stock exchange and more thaninvestors are registered to trade there.
Reporting by Ahmad Elhamy; Writing by Giles Elgood; Editing by Catherine Evans. Help and Contact Us Thomson Reuters Corporate: Binary options removing dengue Reuters is the egypt stock market reuters largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.
Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. Wed 21 Jun Do More With Reuters. Egypt official expects stock market stamp duty next month Mon May 15, 4: CASE 30 Index 13, JSE All Share Index 51, JSE Top 40 Index 45,