20 February 2023: House of Representatives’ planning and budget committee approved a new amendment to law no.147 for 1984 in Monday’s session, lifting taxes imposed on production components for mobile phones, in order to encourage local production.
The amendment aims to lift the tax of “advancing financial resources” off both the components needed for local mobile phones production and the locally manufactured end product, while maintaining the same tax on imported counterparts used for commercial gains.
Source: www.egypttoday.com
Latest Posts in "Egypt"
- Guidelines for VAT Refund Requests by Egyptian Tax Authority: Key Requirements and Procedures
- Egypt’s 2025 VAT Law Amendment: Transforming Construction Taxation and Financial Dynamics
- Egyptian Tax Authority Enforces New E-Receipt Rules in Phase 8 Rollout Starting September 2025
- Egypt Amends VAT Law: Changes in Tax for Cigarettes, Alcohol, Construction, and Exemptions
- Update – Egypt VAT Law Changes for Crude Oil, Advertising and News Agency Services, and Construction Services
