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Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two Finance Ministry sources told Reuters Thursday.The agreement revealed that Egypt had committed to imposing either a capital gains tax or a stamp duty on stock market transactions by the 2017/18 fiscal year.Egypt imposed a stamp duty on buyers and sellers in May 2013, collecting more than 350 million Egyptian pounds ($18.77 million) in revenue before the levy was replaced in July 2014 by a 10 percent capital gains tax.The blue-chip index tumbled 3.4 percent by early Thursday afternoon after Reuters reported the stamp duty on stock market transactions may be restored.
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