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مصراوي
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Bill Proposes Car Tax Exemption
The House of Representatives’ Plan and Budget Committee gave preliminary approval to a bill exempting vehicles in the youth employment project implemented by the Tahya Misr Fund from taxes and fees. The project includes 3,000 natural-gas-powered taxis and 1,000 small pickup trucks, with EGP 1 billion in state support. Eligible applicants must be aged 25 to 50, have completed military service or been exempted from it, hold at least an intermediate-level qualification and a second-class professional driving licence, and have no source of income. They may not transfer ownership of the vehicle or use it for any purpose other than the one for which it was designated for seven years. Otherwise, they forfeit their rights to the vehicle and must return it to the Tahya Misr Fund.
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