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Exemption of imported cows and sheep from customs duties and taxes

Exemption of imported cows and sheep from customs duties and taxes
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This article was automatically translated from HIBAPRESS, the Arabic version:

This article was automatically translated from HIBAPRESS, the Arabic version:

Heba Press

Today, Thursday, the Government Council approved draft decree No. 2.24.1050 relating to the cessation of the collection of import duties imposed on domestic cows and sheep, presented by the Minister of Agriculture, Maritime Fisheries, Rural Development, Water and Forests, Ahmed Al-Bouari, on behalf of the Minister Delegate to the Minister of Economy and Finance in charge of the budget, Fawzi Lakjaa.

The case concerns draft Decree No. 2.24.1050 amending Decree No. 2.24.064 issued on 13 Rajab 1445 (January 25, 2024) to stop collecting import duties imposed on domestic cows, and Decree No. ° 2.24.962 published on Rabi’ al-Akhir 14, 1446 (October 18, 2024), in stopping the collection of imposed import duties. On domestic sheep.

A statement from the Ministry Delegate to the Prime Minister responsible for relations with Parliament, the government’s official spokesperson, explained that this project comes after the government worked over the past year to stop collecting customs duties and value added tax imposed on businesses. domestic cows and sheep.

The same source adds that to ensure the continued supply of red meat to the local market, also this year, the collection of import duties applied to national cattle and sheep was stopped in order to supply national markets with meat within the limit. of certain quotas. indicating that these quotas are no longer sufficient to cover demand. This draft decree aims to increase these quotas to ensure the supply of red meat to the national market.

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