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Finance Ministry exempts imported steel products from 10% development fee

The Egyptian Ministry of Finance exempted imported iron imports from abroad, whether from alloys or non-alloys. As a production requirement for companies and factories production from the fee of the state resource development “issued by Law n° 83” of the year, following the Ministry of Finance request approval from the Tax and Customs Committee of the Federation of Egyptian Industries. Whoever, the Union confirmed that the imposition of fees at 10% would increase pressure on local industry and harm its competitiveness.

In May, the House Planning and Budget Committee approved a series of new “development
fees” for a wide range of products. The Ministry of Finance proposed it as a tax to help bridge
the growing financial deficit caused by the Coronavirus pandemic.

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Arab Iron and Steel Union

لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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28 Board of Directors

17 Country

300.000 Employees

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