RIYADH: Egypt’s house of representatives approved a presidential decree that includes imposing a 10 percent customs tax on imported mobile phones, to promote local industry.
Egypt’s Minister of Finance explained that the amendments aim to encourage investment, maximize production facilities and strengthen competitiveness of goods manufactured there in international markets.
Mohamed Maait added that computers and tablets are excluded from the tax, because they constitute a tool for digital transformation and the development of the education system.
The amendment of some categories of customer tariffs comes in light of the conclusions reached by the Higher Council of Customs Tariffs in Egypt, head of the Egyptian customs authority, El-Shahat Ghaturi said.
