Fees

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.

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