(Corrects stamp duty to 0.2 percent, not 0.002)
CAIRO, Feb 23 (Reuters) - Egypt’s Finance Ministry is recommending the implementation of a stamp duty on stock exchange transactions of 0.2 percent on sellers and buyers, a senior ministry official told Reuters on Thursday.
The official said he expects the stamp duty to come into effect before May and generate a revenue that ranges between 1-1.5 billion Egyptian pounds ($63-94.5 million) in 2017/18.
The government will send amendments of the income tax law, which includes the stamp duty, to parliament for final approval in March, he added.
$1 = 15.8700 Egyptian pounds Reporting by Ehab Farouk; Writing by Asma Alsharif; Editing by Ahmed Aboulenein