Global Courant 2023-05-26 12:05:41
A new tax law will impose ten percent of the value of the invoice for customs purposes on certain imported goods as well as a fee on Egyptian travelers leaving Egypt, the head of the Parliament’s Plan and Budget Committee, Fakhri al-Fiqi, announced.
The imported food covered include salmonshrimp, lobster, blue cheese, caviar, fresh and dried fruits, and roasted coffee.
Fiqi said that there is no new tax on durable goods and soft drinks.
He explained that the bill imposing a fee of three percent of the value of each commodity purchased from free markets was presented to the House of Representatives a year ago and was rejected in Parliament.
The bill also imposes taxes on wristwatches, pocket watches, and earphones, in addition to a 100-pound departure fee for Egyptians traveling abroad, Fiqi said.
According to Fiqi, LE50 was imposed as a departure fee on foreigners coming for the purpose of tourism to the governorates of the Red Sea, South Sinai, Luxor, Aswan, and Matruh.
