Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

PM Issues Desicion to Extend Car Import Initiative for Egyptians Abroad until End of April

Sun 28 Jan 2024 | 09:02 PM
Taarek Refaat

The Official Gazette published a decision issued by Prime Minister Mostafa Madbouly to extend car import facilities for Egyptians abroad for a period of 3 months.

The decision said that the decision to import cars from abroad will be extended from January 29 until next April 29.

In November 2022, the Ministry of Finance launched the initiative to facilitate the import of cars for Egyptians abroad, which exempts imported cars from taxes and fees in exchange for a deposit in the Central Bank in foreign currency for a period of five years, after which it is redeemed in Egyptian pounds at the exchange rate at the time of recovery.