SEZ firms begin enjoying investment tax cuts

SEZ firms begin enjoying investment tax cuts

menos de 1 minuto Businesses operating in special economic hubs will from Monday start deducting the investment capital on buildings and machinery from their taxes. Under the Finance Act 2017, capital expenditure by Special Economic Zones (SEZ) on buildings and machinery qualify for a 100 per cent investment deduction in the year in which the building or machinery is first used. For investments outside Nairobi and Mombasa counties, SEZs are entitled to claim investment deductions at 150 per cent in the first year of Continue lendo

Kazakh parliament defines status of special economic zones

Kazakh parliament defines status of special economic zones

menos de 1 minuto The presentation of the bill “On introducing changes and additions to some legislative acts of the Republic of Kazakhstan on special economic and industrial zones, attracting investments, developing and promoting exports” was held in the Kazakh parliament. “In current legislation on SEZ (special economic zones), the authorized body is a specific ministry, regional administrations, but the status of special economic zones is not defined. These problems will be eliminated in the framework of work on this bill,” said Meiram Pshembaev, Continue lendo

Take advantage of economic zones

Take advantage of economic zones

1 minuto Industries Minister Amir Hossain Amu yesterday invited Indian entrepreneurs to invest in Special Economic Zones (SEZs), saying the government was providing all necessary support to run business smoothly and make profits. “The government of Bangladesh is setting up 100 SEZs for foreign and local investment. The investors of India, especially from north eastern region, may take advantage of the attractive package of incentives offered by the government at the economic zones,” he said while inaugurating the “30th Industrial Indian Trade Fair (IITF)” Continue lendo

Malaysia’s New Digital Initiative to Booth eCommerce

Malaysia’s New Digital Initiative to Booth eCommerce

1 minuto DFTZ represents the nation’s 2025 vision to facilitate and generate up to US$65 billion worth of goods movement for export, import and transshipment using eCommerce. This national initiative also strives to achieve the aspirations of the Malaysian National eCommerce Strategic Roadmap (NESR) launched in 2016 which is to double the growth of Malaysian eCommerce. DFTZ and many other initiatives under NESR upholds the eCommerce Imperative; eCommerce is a critical stepping block to “future proof” existing business as well as “expand market access”. Continue lendo

Unemployment lowest in free trade zones

Unemployment lowest in free trade zones

menos de 1 minuto   No one is jobless in Kish Free Trade Zone, the unemployment rate in Qeshm FTZ (about 6%) is half the country’s average and the number of jobless is very low in Aras FTZ, the secretary of High Council of Free Zones said. “The highest unemployment rates among FTZs have been registered for Arvand and Khorramshahr due to lack of infrastructures in the aftermath of Iran-Iraq War (1980–88),” Morteza Bank was also quoted as saying by the Persian daily Shahrvand. Continue lendo