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Tuesday, 15 September 2020

El Sisi ratifies law closing tax loopholes for state debt purchasers

President Abdel Fattah El Sisi has signed into law a bill that closes loopholes that previously provided tax exemptions to some state institutions investing in state debt, according to a decree published in the Official Gazette. The House of Representatives had rubber-stamped the law before it adjourned for summer recess.

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