The Saudi General Authority of Civil Aviation Feb. 12 announced special tax provisions for the integrated logistics bonded zone (IBLZ). The provisions include: 1) a tax holiday for 50 years, which includes VAT and customs suspension; 2) zero-rated corporate, income, and withholding tax on specific payments; 3) no restrictions on capital repatriation and 4) rules to prevent tax avoidance. [Saudi Arabia, Government Portal, 03/16/21]
Reference:
View Tax Rules for Integrated Bonded Logistics Zone. View Announcement. View Index.
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