Finance Ministry: LE 1.7B of taxes on imported vehicles collected by Alex customs authority

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Wed, 03 Oct 2018 - 03:07 GMT

BY

Wed, 03 Oct 2018 - 03:07 GMT

FILE - Ministry of Finance

FILE - Ministry of Finance

CAIRO - 3 October 2018: The value of taxes and customs fees on imported vehicles collected by Alexandria Customs Authority hit EGP 1.7 billion during September, the Finance Ministry said in a statement on Wednesday.

The number of imported cars that were cleared by the customs authority after paying customs fees reached 10,800, and their estimated value exceeded EGP 2.829 billion. Their paid customs fees and value added tax (VAT) amounted to EGP 1.108 billion.

Also, as many as 1,028 imported half-trucks, microbuses and motorbikes were cleared by the customs authority. Their collected customs fees reached roughly EGP 280 million, the statement read.

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