Egypt plans to reduce custom by 70% on cars for expats ...Egypt

The deputy of the Parliament’s Plan and Budget Committee Representative Mostafa Salem announced further details for six new amendments to the law on importing Egyptian expat cars on Monday. During a phone interview with TV host Amr Adib on his show “al-Hekaya” (The Story) on MBC Masr channel on Monday, Salem said that the most important amendments are the reduction of the customs tax value of the refunded deposit by about 70 percent for cars of Egyptians abroad. He added that Egyptian expats will pay only 30 percent of the customs tax value in a deposit in foreign currency, which they will recover after five years. The deputy of the Parliament’s Plan and Budget Committee added that the refun

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Last updated : 28 February 2023 clock 12:12 PM

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Egypt plans to reduce custom by 70% on cars for expats ...Egypt

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