The Egyptian Cabinet recently approved a draft law to exempt bonds that are offered for subscription abroad from all taxes and fees.

The decision states that “an exception to the provisions of Law No. 182 of 2020, to cancel the exemption on the returns of treasury bills and bonds, or capital gains resulting from dealing in these bills and bonds from the income tax. The proceeds of the bonds that are issued in the name of the government of Egypt and are offered for subscription in the global financial markets, guaranteed by the public treasury, are exempt from all taxes and fees throughout its term.”

For more information, please see https://www.egypttoday.com/Article/3/94128/Egypt-exempts-bonds-offered-abroad-from-taxes-fees