ANNOUNCEMENT 08 Jan 2009

In January 2009, the government of Egypt announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Egypt Autos Report
http://www.bharatbook.com/Market-Research-Reports/Egypt-Autos-Report.html

Egypt - car exports
February 4, 2010
BMI Industry Insights - Automotives, Middle East & Africa


Inception date: 08 Jan 2009 | Removal date: open ended
Still in force

Export tax

On January 8, 2009 the government of Egypt eliminated a 2% export tax on Egyptian-made cars and exempted component parts from import tax. These measures were taken in order to boost domestic industry by making Egyptian cars more competitive through decreasing the cost of imported inputs and lowering the tax burden for exporters. It is also possible that sales tax on cars will be reduced or eliminated, which would result in an increase of domestic demand.

AFFECTED SECTORS