CAIRO, June 4 (MENA) – Prime Minister Mostafa Madbouli chaired a meeting to finalize changes to the taxation of listed stock market transactions, confirming the replacement of the capital gains tax with a stamp duty that will apply to both residents and non-residents.

The meeting was attended by Minister of Finance Ahmed Kouchouk, Minister of Investment and Foreign Trade Hassan El Khatib, Financial Regulatory Authority Chairman Mohamed Farid, and Deputy Finance Minister for Tax Policy Sherif El Kilany.

During the talks, the attendees discussed proposed tax adjustments for direct investment funds, real estate funds, and gold funds, aiming to attract more investors and expand participation in Egypt’s financial markets.

They also reviewed changes to the Capital Market Law to simplify fund operations and introduce new models like GP/LP structures, along with legal reforms affecting the Egyptian stock exchanges.

Additionally, the officials agreed that the full package of changes, covering tax reforms and capital market updates, will be publicly announced in July. (MENA)

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