The rules for integrated logistics bonded zones (ILBZ) include tax and customs incentives.
The incentives include:
In other news, incentives are being made available to Hajj and Umrah businesses (that is, those businesses involved in pilgrimage activities). The incentives are available for certain private sector establishments and individuals engaged in pilgrimage-related activities in an effort to help them recover from the financial impact of the coronavirus (COVID-19) pandemic.
For more information, contact the head of KPMG’s Global Indirect Tax Services:
Lachlan Wolfers | +852 2685 7791| email@example.com
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