Fiscal Incentives
In the dynamic landscape of global commerce, Special Economic Zones stand out as beacons of opportunity.
These incentives spanning fiscal benefits, administrative support and top tier infrastructure serve as a catalyst for economic growth and innovation through tax exemptions, reduced custom duties and streamlined regulatory processes, SEZs create an environment where businesses can thrive, focusing their resources on innovation and market expansion.
Join us on a journey to uncover the transformative potential of SEZ incentives, reshaping the landscape of economic development and fostering a culture of innovation and prosperity.
Enjoy competitive corporate tax rate of 10% and exemptions of import duties and VAT ensuring lower operational costs and higher profit margins.
Imported Goods
Fully Exempt
Value Added Tax
Excise Duty
Import Duty
Import declaration fee
Local Supplies
Zero-Rated
Value Added Tax
Corporate Tax
Preferential Rates
First 10 years - 10%
Next 10 years - 15%
Subsequent years - 30%
Local government fees
Exempt
Advertisement fees
Business service permit
Stamp Duty
Exempt
Withholding Tax
Payments of non-resident persons from SEZ companies
Dividends- Exempt
Gains on transfer of property- Exempt
Royalties, interest and service fees - Exempt in the first 10 years
Other payments (i.e. commissions and rent) - 10%
Investment Deduction Allowance
100% Allowance on capital expenditure on building and machinery