subsidies on gasoline 95 and 92 will have

CKD Effat عبدالعاطى Chief, Division of auto dealers Cairo Chamber of Commerce that the abolition of subsidies on gasoline 95 and 92 will have a significant impact on the car market in Egypt.

He said that this decision would increase the demand for cars less than 1600 cc It is possible that their prices will rise, pointing out that the decision will not pay a lot to undo buy the car because a lot of people in need permanently to a car becoming one of the basics of life, and especially in light of poor state of public transport and overcrowding and suffering faced by the citizen.

He added that the automotive category, which buys more than 1600 cc, they are able to exchange and will not be affected sales of these cars cancel support

Said عبدالعاطى that the report of the Egyptian Council for car market "AMEC", last August revealed that more categories of passenger cars popular category «1000 - 1300 cc», which increased by 157% over the same month last year and the category «1300-1500 cc »increased by 38% and also family cars 1600 cc class won the consumer demand in the Egyptian market have risen by about 79% compared to the same month last year

increase the tax and that the increase is debatable

Mamdouh Omar President of the General Tax Department in exclusive statements to Al-Ahram that no increase in sales taxes on cars during the coming period, adding that no truth is echoed by other an intention to increase the tax and that the increase is debatable at this time on the agenda of the Ministry of Finance.

He said that sales tax rates will remain the same without an increase, where 15% is imposed sales tax on passenger cars up to 1600 cc and 30% on passenger cars from 1601 and up to 2000 cc and 45% on passenger cars more than 2,000 cc.

He added that car trips and camps equipped living under category 45% tax the vehicles transporting goods are imposing 10% tax and 30% on vehicles transporting goods and people together and 30% on jeeps and 30% on trailers equipped for flights and 10% on the ambulances and hearses and fire and 25% for private cars to transport persons golf Bmlaab and similar other compounds.

He said that in the case of whether cars sold Used apply 30% sales tax of the value of the sales price

For his part, warned Effat عبدالعاطى Chief, Division of auto dealers to increase sales tax because it will negatively affect the growth rate of demand for cars, explaining that the tax in its current high, as 45% on cars above 2000 cc and 15% class car less than 1600 cc