On 16 December 2020, the Egyptian Ministry of Finance (MOF) published a decree (No. 610 of 2020) setting out the tax treatment of capital gains from the sale or disposal of unlisted shares by non-residents. The decree also published the relevant reporting and payment form for capital gains tax. The tax authority urged taxpayers to comply with the rules set out in the Guideline, which it stated was prepared with the aim to help non-residents to understand the tax-related procedures to be followed when selling or disposing shares not listed on the Egyptian Stock Exchange and realizing capital gains from such sale or disposal transactions.