You know the law granting facilities to import cars for Egyptians and female directors abroad
During its meeting today, headed by Dr. Mostafa Madbouly, the Council of Ministers approved several decisions, including some provisions of the law granting some facilities to Egyptians residing abroad, which we review through the following report.
Amendments of the Council of Ministers to some provisions of the law of importing cars for expatriates
Article (1) Recovery Account: “The account opened in the name of the requester in Egyptian pounds at an Egyptian bank or at the National Postal Authority, which the requester selects within a year of opening his electronic account, and the local equivalent of the cash amount due is deposited in it immediately after the refund date according to Article (10) of Cabinet Resolution No. 87 of 2022.
Article (3): “The car is imported from the first owner without being bound by a specific year of manufacture. If the import is made by someone other than the first owner of the car, then it is stipulated that its age at the time of customs release does not exceed three years from the year of manufacture.”
Article (6, second paragraph): “Once the required data is filled in, the platform automatically determines the cash amount due for the car according to the financial values received, which includes taxes and fees that had to be paid to release the car, including value-added tax, table tax, and customs tax.” , and the fee for developing the financial resources of the state, and other administrative fees that are due to the public treasury of the state, or to one of the public agencies, on the occasion of the import incident in accordance with the laws and regulations, and is equivalent to (100%) of the total value of those taxes and fees except for the customs tax. payable (30%).
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Article (7, first paragraph): “As soon as the car is registered and the cash amount due is determined in accordance with the provision of Article (6) of Cabinet Resolution No. 87 of 2022, a payment order is issued to the student through the platform for the cash amount due, so that the student transfers it to the bank account within a period of six months starting As of 11/15/2022, then fill in the transfer data and upload the document indicating it electronically on the platform.
Article (8): “After confirming the transfer, and examining the bank account statement, referred to in Article (7) of Cabinet Resolution No. 87 of 2022, with the knowledge of the specialists in the Central Bank, and ensuring that the conditions stipulated in Law No. 161 of 2022 regarding granting Some facilities for Egyptians residing abroad, amended by Law No. 14 of 2023, and this decision is approved by the Ministry of Finance. The student is provided within seven working days on his electronic account with an approved import approval, issued by the Ministry of Finance, and is valid until the end of a period of five years from the date of payment. The student has the right During which the final registration procedures for the car are completed and shipped.
If the examination results in the refusal of the import process, the requester shall be notified on his electronic account of this, and the previously transferred cash amount shall be refunded from the requester to the same bank account from which the transfer was made in the same foreign currency without deducting any amounts except for the transfer fees, within five working days from the date of refusal.
The import approval is valid for the purposes of shipping the car from any country to a port within the Arab Republic of Egypt, provided that in all cases the customs treatment prescribed for the country of residence of the requester is used in determining the cash amount due for the import process in accordance with the provisions of the law and Cabinet Resolution No. 87 of 2022.
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Without prejudice to Article (3) of Cabinet Resolution No. 87 of 2022, and the provision of the second paragraph of this article, the applicant may, for any reason, replace another car, with the car established in the import approval issued to him, by submitting a replacement request, during the validity period of the approval. import and prior to the issuance of the initial customs release certificate, provided that he transfers from his bank account abroad, in foreign currency, the value of the difference by the amount of the increase, if any, in the cash amount due for the replaced car, and an import approval is issued with the data of the new car, not exceeding the validity period of the approval issued in accordance with to the first paragraph of this article.
Article (9, third paragraph): “In the case of importing from the first owner of a car whose age at the time of customs release exceeds three years from the year of manufacture, upon completion of the procedures for its release, in addition to the documents referred to in the previous paragraph, a certificate certified by the passage in the country of residence must be submitted. Explaining the car data and the date of purchase or ownership.
Article (10): “The cash amount due by transferring it to the recovery account, at the same value without return, shall be refunded against the local foreign currency with which it was paid, and at the exchange rate declared by the Central Bank at the time of recovery, on the day following the expiration of a period of five years from the date of the last payment at which the value was completed. Amount of cash owed.
And in the event that a request is submitted to cancel the import approval on the platform in accordance with the last paragraph of Article (4) of Law No. 161 of 2022 regarding granting some facilities to Egyptians residing abroad as amended by Law No. 14 of 2023, the due cash amount will be refunded within three months from the date of the cancellation request. By the same mechanism referred to in the first paragraph of this article.
In all cases, the cash amount due may not be refunded before the day following the expiration of the first year from the date of the import approval.
Article 2 of the draft decision stipulates that “the student shall be refunded, within six months from the date of submitting the application in this regard on the form prepared for this purpose on the platform, the difference between what was paid in taxes and fees before the implementation of the provisions of Law No. 14 of 2023 referred to in excess of the amount.” The due cash calculated in accordance with the provisions of the aforementioned law, and the refund shall be in the same currency in which the amount was paid and on the same account from which it was transferred abroad.
It is permissible, upon desire