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https://hkmb.hktdc.com/en/MTEwMTY1NjMzMg

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EGYPT: New Customs Tariff Introduced to Reduce Imported Input Prices

30 June 2022



Egypt’s Ministry of Finance has approved a new tax regime including lower duties on over 150 types of imported production inputs, entering into force on 9 June 2022. Goods benefitting from reduced tariffs include production inputs and capital goods for factories; agricultural machinery and equipment; and medicines and medical supplies.

Import duties on equipment for agricultural crops, straw, fodder, and sorting fruits and eggs have dropped from 5% to 2%. Raw materials like manganese, iron, aluminium, copper and lead ores are now subject to 5% tariff instead of 10%, while cement industry inputs will enjoy 0% to 5% rates compared to the previous 10%. Tariffs for coal have also been lowered to 2% from 5%, while fertilizer and seed duties have reduced to 2% from 5%. Imported vehicles and parts will be subject to a 2% tariff instead of the current 5% to 40% range; natural gas-powered cars will be subject to a 2% tariff from 30%, and duties on equipment for tractors, ships, aircraft and railways are now 2%.

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    Topics:
  • Machinery,
  • Medical Supplies & Medicine,
  • Raw Materials,
  • Middle East,
  • Egypt,
  • tariff,
  • PRODUCTION INPUT,
  • raw material,
  • import and export trade
  • Machinery
  • Medical Supplies & Medicine
  • Raw Materials
  • Middle East
  • Egypt
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Article Topics

ARTICLE TOPICS

MACHINERY24712
MEDICAL SUPPLIES...24721
RAW MATERIALS24742
MIDDLE EAST36080
EGYPT36083

ARTICLE TOPICS

MACHINERY24712
MEDICAL SUPPLIES & MEDICINE24721
RAW MATERIALS24742
MIDDLE EAST36080
EGYPT36083
TARIFF81598
PRODUCTION INPUT151668
RAW MATERIAL81846
IMPORT AND EXPORT TRADE144662

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