CAIRO, March 20 Egypt's new stamp duty on stock
exchange transactions will come into effect in May and include
for the first time a 0.3 percent levy for investors acquiring
more than a third of a company's stocks, deputy finance minister
Amr al-Munayer said.
The finance ministry is targeting revenues of 1-1.5 billion
Egyptian pounds ($54.8 million-$82.2 million) in the first year
of the new tax, he told Reuters. The duty will also be applied
to purchases of treasury bills and bonds, he said.
($1 = 18.25 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Lin Noueihed; Editing by