Cairo - Mubasher: Four companies listed on the Egyptian Stock Exchange (EGX) announced the impact of the additional 5% tax, imposed by the recent Public Taxes Authority’s interpretation of the taxes on earnings exceeding EGP 1 million for the year 2014.
Citadel Capital said on Tuesday that will not be affected by the tax after reporting losses in 2014.
Meanwhile, Grand Investment will post an amended tax return for 2014, when the company recorded profits of EGP 3.06 million, that tax increase will be nearly EGP 25,800.
Marseilia Almasreia Alkhalegeya said the tax’s effect will be in the amount of EGP 137,420.
Arab Cotton Ginning will also present an amended tax return after an increase in profits by EGP 12,000.
