Find the newest businessnews on Egypt’s stock market, banking, investments, tourism, automotive, internationalbusiness, expertise, rates of interest, currencies and funds. Similarly, the treatment of stamp duty will not be altered considerably. The IRC has accepted that PDIs might be treated as a move through association for income tax functions. This implies Business News that PDI holders will be taxed on any dividend distributions they obtain on PDIs as if they have been shareholders receiving the corporate dividends directly, topic to overseas withholding tax. PDIs shall be topic to the same stamp responsibility arrangements as strange shares. That is, onmarket transfers of PDIs on PNGX is not going to be subject to stamp responsibility.

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