Back to the complete issue
Tuesday, 23 November 2021

Your next mobile phone is going to cost more

New tariffs mean more expensive phones: All imported mobile phones will now be subject to a 10% import tariff, according to a presidential decree published in the Official Gazette (pdf). The new tariff is double the 5% import fee originally imposed by the National Telecommunications Regulatory Authority last year and essentially applies to all phones sold in Egypt except for those assembled by local electronics outfit Sico.

Retailers will pass on the cost to consumers: Phone prices could rise 10-14% on the back of the new tariffs, the head of an industry trade body told Al Mal. Issam Badr El Din, director of the mobile traders’ syndicate, told the newspaper that there had been “confusion” between retailers and distributors following the customs hike and that the price hikes will weigh on consumer demand.

Other import fees included in the decision: Solar panels will now be subject to a 5% import tariff, according to the decree. Imports of fully manufactured marble products are also getting a 20% tariff tacked on (up from 2% previously), while tariffs on raw marble will remain unchanged at 2%, a Customs Authority source who wished to remain unnamed confirmed to Enterprise.

EDITOR’S NOTE- Corrected on 4 January, 2022

A previous version of this story incorrectly said that solar panels will be subject to a 10% import tariff

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.