Investment Minister Ashraf Salman said Thursday the real reason behind the delay in executive rule of the tax law is seeking best wording.
During a press conference at the Egyptian Stock Exchange, Salman said a ministerial group is studying the best wording to meet the needs of all parties and the market as well.
The final date of the executive rule issuance is to be selected by the Ministry of Finance, the government institution in charge of the new laws dealing with economic and financial practices, he said.
The investment ministry seeks to solve the problem of assets of the non-Egyptian investors who find difficulties in transferring their money abroad, he said, adding that the mechanism of the Central Bank of Egypt addressing this problem since 2013 works perfectly.
The problem lies in the assets before that date, the minister pointed out.
Source: MENA