Govt denies imposing new tax on bond revenues

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Mon, 26 Nov 2018 - 11:44 GMT

BY

Mon, 26 Nov 2018 - 11:44 GMT

FILE - Egypt's Ministry of Finance

FILE - Egypt's Ministry of Finance

CAIRO, Nov 26 (MENA) - The Information and Decision Support Center (IDSC) has denied news that the Finance Ministry is acting to impose a new tax on revenues from government bonds and bills, following a government approval on amendments to fix that tax.

The IDSC contacted the Finance Ministry, which dismissed the news as baseless, it said in a statement.

The tax on revenues from bonds and bills is fixed at 20 percent, the IDSC assured.

The circulated news is only a rumor meant to shake the stability of the Egyptian economy and harm the investment climate, it noted.

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