VATupdate

New Customs Regulations Minister of Finance Decree No. 430 of 2021

Developments:

  • The accreditation of the Approved Economic Operator (“AEO”) system, which is expected to further expedite the clearance of shipments and reduce the physical inspection for AEO importers.
  • The ACI system (Advanced Cargo Information), which provides business automation services to handle imported goods prior to their arrival at Egyptian ports.
  • The introduction of a unified set of rules that includes the procedures of the customs and exemption laws in one single streamlined regulation.
  • The introduction of e-signature for customs transactions with the accreditation of all electronic secured methods in transferring and receiving documents and data.

Source PwC

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