The Finance Ministry stressed on Thursday its commitment to deferring capital gain taxes on shares registered in the Egyptian Exchange for three years as of May 16, 2017.

This move comes in line with the Supreme Investment Council decisions, the ministry said in a statement.

The three-year postponement decision will be introduced to the new income tax bill which will be later referred to the parliament for approval, the statement added.

The ministry is keen on having these amendments approved as soon as possible, the statement concluded.