CAIRO (Reuters) - A new 5 percent surtax on the incomes of wealthy Egyptians will last for three years, the finance minister said on Saturday, less than three weeks before the country elects a new president.
Hany Dimian said the tax, approved by the cabinet last week, would apply to those earning more than one million Egyptian pounds (84,200 pounds) annually in 2014, 2015 and 2016. He said the first payment would be due in January 2015.
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