Page 294 - B2B All Year Round Vol.8
P. 294
Reduced income tax and VAT exemptions allowing
access to local market
No VAT or Tariffs are paid on the import VAT exemption for raw materials, parts, supplies
of goods. and finished goods that are sold from the
National Customs Territory to industrial users of
Income tax in FTZ is 20% (outside FTZ it is goods or services in the Free Zone or between
32%). them.
Goods of foreign origin
Possibility of exporting from the Free introduced into the Free Zone
Zone to third countries. may remain in them indefinitely.
Total number
Number of Special Standing Free Trade zones: Number of permanent
Single enterprise: 114 Free Trade Zones:
74 40
45 Source: MinCyT
