{"id":581390,"date":"2023-02-09T00:00:00","date_gmt":"2023-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/cabinet-scraps-5-development-fee-for-local-mobile-phone-assemblers\/"},"modified":"2023-02-09T00:00:00","modified_gmt":"2023-02-09T00:00:00","slug":"cabinet-scraps-5-development-fee-for-local-mobile-phone-assemblers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/cabinet-scraps-5-development-fee-for-local-mobile-phone-assemblers\/","title":{"rendered":"Cabinet scraps 5% development fee for local mobile phone assemblers"},"content":{"rendered":"

<\/p>\n

<\/p>\n

<\/span>Local mobile phone assemblers are going to pay one less tax: <\/span>The Cabinet <\/span>approved in its weekly meeting exempting a 5% development fee on imported mobile phone components as part of the government\u2019s efforts to localize the industry, it said in <\/span>a statement<\/a><\/span> yesterday.<\/span> The exemptions also include the final product, locally manufactured parts and accessories.<\/span><\/p>\n

You heard it here first:<\/span> A government source told Enterprise <\/span>last month<\/a><\/span> the Finance Ministry is considering scrapping the fee. <\/span><\/p>\n

More privatization on the way?<\/span> The government reviewed an inventory on vacant and built land and untapped hangers in factories and companies affiliated with the Military Production Ministry \u201cto examine the best way to benefit [from them] for an economic return.\u201d The housing minister was tasked with inspecting the areas, and determining which assets could be offered to industrial investors. <\/span><\/p>\n

Speaking of the military:<\/span> The Cabinet approved a presidential decree allocating 10 feddans of state-owned land in Giza to the National Authority for Military Production to set up a waste-to-energy plant.<\/span><\/p>\n

ALSO FROM THE MEETING: <\/span><\/p>\n