14/03/2022

The Director General of the Income and Sales Tax Department, Dr. Hossam Abu Ali, announced the introduction of a new electronic service within the department's electronic services, which is to enable taxpayers to pay income tax on the profits of selling shares electronically without the need to review the department's offices.

Abu Ali indicated that this service has been placed within a special icon on the home page of the department's website, entitled "Calculation and Payment income tax on the profits of selling shares ".

The addition of the service of calculating and paying the income tax on the profits of selling shares in accordance with the provisions of Article 22/A of the regulation of tax returns, records, documents and profit rates No. 59 of 2015 is part of the department’s procedures in facilitating on the taxpayers in obtaining the services of the department electronically. This service contributes to the speedy completion of the buying and selling procedures Shares of partners in companies with regard to paying the income tax due on the profits of selling these shares electronically without the need for any personal review and thus completing the sale procedures according to the rules at the companies’ control.

Note that this service is available to taxpayers to obtain it without the need for a user name and password.