Thursday, February 14, 2013

Egypt Cabinet raises custom tariffs on some luxury goods

From al-Ahram, the advantages of Egypt being a cheap holiday destination may not hold true for much longer! This will only lead to further class segregation. Ech. I will keep the blog updated as I receive more information on this.

Egyptian Cabinet led by Prime Minister Hisham Qandil has 
approved Wednesday a draft law to increase custom tariffs 
on "unnecessary goods."

The draft, proposed by the presidency, includes items such as boats, watches and sunglasses, as well as certain food items such as shrimps and nuts.

A detailed list of the new tariffs is yet to be provided by the Cabinet.

1 comment:

  1. shrimp is a luxury item? its cheaper than beef! lol i hope this tax isnt much.