{"id":122,"date":"2017-07-10T09:44:38","date_gmt":"2017-07-10T09:44:38","guid":{"rendered":"http:\/\/127.0.0.1:8081\/?page_id=85"},"modified":"2017-07-10T09:44:38","modified_gmt":"2017-07-10T09:44:38","slug":"new-stamp-duty-tax-securities-transactions","status":"publish","type":"post","link":"https:\/\/riad-riad.com\/new-stamp-duty-tax-securities-transactions\/","title":{"rendered":"New Stamp Duty Tax on Securities Transactions"},"content":{"rendered":"<p>On 19 June 2017, two new articles no. (83 bis) and (83 bis 1) were added to the Stamp<br \/>\nDuty Law by virtue of Law no. 76 of 2017.<\/p>\n<p>A new tax is imposed on the sale and purchase of all types of securities, whether<br \/>\nEgyptian or foreign, listed or unlisted, without deduction of any costs. Each of the seller<br \/>\nand the buyer shall bear equally the burden of paying such tax. The tax is effective<br \/>\nimmediately according to the following escalating rates:<\/p>\n<ul>\n<li>1.25 \u2030 to be paid by the purchaser, and1.25 \u2030 by the seller until 31\/5\/2018.<\/li>\n<li>1.50 \u2030 to be paid by the purchaser, and 1.50 \u2030 by the seller from 1\/6\/2018<br \/>\nuntil 31\/5\/2019.<\/li>\n<li>1.75 \u2030 to be paid by the purchaser, and 1.75 \u2030 by the seller as of 1\/6\/2019.<\/li>\n<\/ul>\n<p>Another new tax is imposed at a rate of 3\u2030 tax, without deducting any costs, on each<br \/>\ncorporate acquisition or exit concluded in a single transaction in any of the following<br \/>\ncases:<\/p>\n<ol>\n<li>\n<p>a transaction on at least (33%) or more of the shares or voting rights of a<br \/>\nresident company; and<\/p>\n<\/li>\n<li>a transaction on at least (33%) or more of the assets or obligations of a<br \/>\nresident company by another resident company in return of receiving shares in<br \/>\nthe purchaser company.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>On 19 June 2017, two new articles no. (83 bis) and (83 bis 1) were added to the Stamp Duty Law by virtue of Law no. 76 of 2017.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Stamp Duty Tax on Securities Transactions - riad-riad.com<\/title>\n<meta name=\"description\" content=\"New Stamp Duty Tax on Securities Transactions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riad-riad.com\/new-stamp-duty-tax-securities-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Stamp Duty Tax on Securities Transactions - 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