Tax
Uncategorized
Wealth and Asset Management
Egypt: Private sector fears ‘wealth tax’ will repel investment
The cabinet has imposed Wednesday an additional “exceptional” tax of 5% on individuals with an annual income exceeding EGP 1m for a period of three years, known as the “wealth tax”. Interim President Adly Mansour is expected to issue new legislation, including the wealth tax, in his role as representative…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Daily News Egypt