Global Courant 2023-05-26 12:05:41
A new tax law will impose 10 percent of the value of the invoice for customs purposes on certain imported goods, as well as a fee for Egyptian travelers leaving Egypt, the head of the parliament’s Planning and Budget Committee, Fakhri al-Fiqi, announced.
The imported foods covered include salmonshrimp, lobster, blue cheese, caviar, fresh and dried fruit and roasted coffee.
Fiqi said there will be no new tax on durable goods and soft drinks.
He explained that the bill imposing a fee of three percent of the value of any commodity purchased on free markets was introduced to the House of Representatives a year ago and rejected in parliament.
The bill also imposes taxes on wristwatches, pocket watches and earphones, in addition to a £100 severance pay for Egyptians traveling abroad, Fiqi said.
According to Fiqi, LE50 was imposed as severance pay on foreigners who came to the Red Sea, South Sinai, Luxor, Aswan and Matruh governorates for tourism.
