Egyptian Parliament Grants Final Approval to EGX Stamp Duty Tax Amendments, Introduces Reduced Rates for Day Trading
In a major legislative move aimed at revitalizing the domestic capital market, the Egyptian Parliament has granted its final approval to the proposed amendments to the Stamp Duty Law governing transactions on the Egyptian Exchange (EGX).
The newly approved regulatory framework introduces a simplified and highly attractive tax structure designed to stimulate trading volumes and accommodate both local and foreign investors.
Key Tax Adjustments Approved:
Standard Transactions: A unified stamp duty tax of 0.5 per mille (0.05%) will be levied on the total transaction value, to be borne equally by both the buyer and the seller.
Day Trading Incentives: To actively support market liquidity and attract high-frequency traders, the Parliament ratified a heavily reduced tax rate of 0.25 per mille (0.025%) on both the buyer and seller specifically for Day Trading operations.
These legislative adjustments are part of the Egyptian government’s broader economic strategy to refine the capital market's regulatory environment, making the EGX a more lucrative and dynamic platform for regional and global investors.
