Tax
From The Report: Egypt 2014
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Several significant changes have been made to Egyptian tax law, via presidential decrees, that will increase tax revenues and add clarity. The addition of domestic dividend taxation may cause some to reconsider their structures to avoid repeated tax leakage. Egyptian corporates with overseas subsidiaries will benefit from the long-overdue participation exemption regime. Temporary Wealth Tax A new 5% temporary annual tax will apply from 2014-16 on all annual net income exceeding LE1m ($142,000)…