Tax Holiday
A newly established investment enterprise that falls within any priority investment category is granted a tax holiday with respect to its corporate or turnover tax and depreciation allowance. Tax breaks on corporate and turnover tax, withholding tax on dividends and depreciation allowance for a period ranging from 5 to 8 years depending on the location of the project. For free zones operations, tax holidays are for 10 years.
Category: Agriculture, Air Services, Renewable Energy, Fisheries, ICT, Light Manufacturing, Transportation, Tourism
More Agriculture, Air Services, Renewable Energy, Fisheries, ICT, Light Manufacturing, Transportation, Tourism
An investment enterprise located outside the export processing zone that exports at least 30% of its output is entitled to the following:
10% corporate or turnover tax concession for 5 years.
Financial planning services and advice.
Participation in training courses, seminars, and workshops...
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SMEs are entitled to the following facilities:
Support for research and development.
Income tax deposit waiver.
Matching grants.
Market survey and research support.
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A newly established investment enterprise that falls within any priority investment category is granted an import VAT waiver on imported specific goods as per the agreed list of items.
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An investor operating in an Export Processing Zone and exports at least 80% of its outputs is exempt from payment of numerous duties and taxes, including import VAT waiver on imported goods/items, excise duty, import duty on capital equipment, corporate or turnover tax, municipal tax...
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