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
