Fees

What is the fee that the SDC collects for securities ownership transfers (with the exception of government bonds and bonds issued by public institutions and municipalities and corporate bonds) in the following cases:

  • Inheritance transfers.
  • Waqf of securities.
  • Wills in securities.
  • Transfers that occur in accordance with the Law of the Government’s Acquisition of Monies that Reach Limitation.
  • Transfers in accordance with decisions of courts and execution departments.

(0.0015) Fifteen per ten thousand of the market value and from one party with a minimum of (250) two hundred and fifty fils.

Is the process of trading in shares subject to income tax?

Yes, and under the law of tax returns, records, documents and profit rates for the year 2015, where the article 21 stipulates the following:

A-For the purposes of calculating income tax on the profits of trading in shares from a natural person, a general partnership company, a limited partnership company, and a non-resident person, a percentage (0.08%) of the value of the sale of shares is approved by both the seller and the buyer for each sale.

What is the fee that the SDC collects for securities ownership transfers (with the exception of government bonds and bonds issued by public institutions and municipalities and corporate bonds) in the following cases:

  1. Transfers in accordance with the JSC's decisions.
  2. Transfers that occur between the Founders of an Issuer in accordance with the relevant Laws and/or authorities decisions during the period of lock-up of the founding shares.

(0.0014) Fourteen per ten thousand of the market value and from each party of the contract with a minimum of (1) one Dinar for each party or the agreed upon price whichever is higher.

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