IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 24 Nov 2008 | Removal date: open ended
Still in force

FDI: Financial incentive

On 24 November 2008, the Cabinet of Saudi Arabia introduced tax incentives for investments in designated areas of the Kingdom.
 
According to the announcement, companies may apply for a tax discount of 50 percent on training as well as wage costs of Saudi employees.
 
A precondition for the eligibility is for the investment project to employ no less than five Saudis in "major technical and administrative posts" on a contract with a duration of at least one year.

AFFECTED COUNTRIES

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