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Learn about the new facilities in the customs tax for used electric cars



Today, Tuesday, the Official Gazette published the text of the new facilitation decision in calculating the customs tax for used passenger cars that operate with an electric motor or with two motors to pay "electricity, gasoline", in a manner consistent with the state's efforts to expand the use of electric vehicles and reach the largest percentage of The use of these vehicles, especially as Egypt is a promising market for the transportation industry in general.

 

The decision included granting used passenger cars that operate with an electric motor or two motors for payment ("electricity, gasoline"), a 10% discount from the "FOB" value, provided that the import rules are fulfilled, which are returned to Egypt from the first of October for the model year until the end of September of the following year.

 

The decision also included granting used passenger cars that operate with an electric motor or with two motors to pay "electricity, gasoline" that meet the import rules, which are returned to Egypt after the end of September of the year following the model year, a deduction of 10% of the value "FOB" for each year of the following two years Starting from the month of October of each year, and granting a 5% discount for each of the following years starting from October of each year, and in all cases the discount rates do not exceed 50%.

 

This comes in light of the state’s tendency to strive to rely on clean cars to preserve the environment and save energy, especially since electric cars can travel a long distance with minimal energy consumption.

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