ANNOUNCEMENT 08 Jan 2009In January 2009, the government of Egypt announced a change in export taxation.
NUMBER OF INTERVENTIONS
Egypt Autos Report
Egypt - car exports
February 4, 2010
BMI Industry Insights - Automotives, Middle East & Africa
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.