Egyptian government imposes 10% import duty on mobile phones

ArabFinance: The Egyptian government has imposed a 10% import duty on the landed cost of mobile phones (product cost and freight charges) effective November 21^st, according to the Official Gazette.

Prior to this decree, mobile phones in Egypt had been subject to a 14% value-added tax (VAT) in addition to a 5% development tax and a 5% NTRA import fee.

The new tariff is double the 5% import fee originally imposed by the National Telecommunications Regulatory Authority in 2020 and essentially applies to all phones sold in Egypt except for those assembled by local electronics outfit Sico.

Accordingly, Phone prices could rise 10-14% on the back of the new tariffs.

Under the same decree, solar panels will be subject to a 10% import tariff. Imports of fully manufactured marble products are also getting a 20% tariff tacked on (up from 2% previously), while tariffs on raw marble will remain unchanged at 2%.