Tariff and Sales Tax Incentives

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...

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.

SMEs are entitled to the following facilities: Support for research and development. Income tax deposit waiver. Matching grants. Market survey and research support.

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.

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...

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...