{"id":630784,"date":"2018-03-01T04:21:01","date_gmt":"2018-03-01T04:21:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/"},"modified":"2018-03-01T04:21:01","modified_gmt":"2018-03-01T04:21:01","slug":"customs-act-lowers-tariffs-on-capital-goods-to-2-from-5","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/","title":{"rendered":"Customs Act lowers tariffs on capital goods to 2% from 5%"},"content":{"rendered":"

LEGISLATION WATCH- The new Customs Act would slash customs duties on capital goods to 2% from a current 5%<\/strong>, Customs Authority head Magdy Abdel Aziz tells Al Shorouk on Wednesday<\/a>. The move is part of a series of incentives laid out in the proposed law, which also include expanding temporary exemptions<\/a> for production inputs and packaging equipment. He added that the law would exempt cars for the disabled from custom duties.<\/p>\n

Abdel Aziz also said that the Customs Authority was studying the impact of Egypt joining the Mercosur freetade agreement on customs revenues<\/strong>. When Egypt signed the agreement, tariff rates for a number of goods had been set yet, he added. The agreement had only laid out five categories of goods, each with its own tariff rates, so it is not yet clear how the agreement will impact certain goods.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- The new Customs Act would slash customs duties on capital goods to 2% from a current 5%, Customs Authority head Magdy Abdel Aziz tells Al Shorouk on Wednesday. The move is part of a series of incentives laid out in the proposed law, which also include expanding temporary exemptions for production inputs and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630784","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f3c94e8a-dc01-4eb7-aa66-9f245c1a4430","order":"0","is_powered_by":true,"section_story_id":"ee8439d6-dadc-4dbd-aea7-9ae66874d6c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630776],"teaser":"","voice_url":""},"yoast_head":"\nCustoms Act lowers tariffs on capital goods to 2% from 5% - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Customs Act lowers tariffs on capital goods to 2% from 5%\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The new Customs Act would slash customs duties on capital goods to 2% from a current 5%, Customs Authority head Magdy Abdel Aziz tells Al Shorouk on Wednesday. The move is part of a series of incentives laid out in the proposed law, which also include expanding temporary exemptions for production inputs and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-01T04:21:01+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Customs Act lowers tariffs on capital goods to 2% from 5%\",\"datePublished\":\"2018-03-01T04:21:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/\"},\"wordCount\":147,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/customs-act-lowers-tariffs-on-capital-goods-to-2-from-5\/\",\"name\":\"Customs Act lowers tariffs on capital goods to 2% from 5% - 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