“Finance Minister Mohammed Al-Jadaan announces tax incentives for investors in economic zones in Saudi Arabia”

Al-Marsad Newspaper: Finance Minister Mohammed Al-Jadaan announced the provision of various tax incentives for investors in the economic zones in the Kingdom.

Al-Jadaan said, during a session within the Investment Forum in Special Economic Zones in Saudi Arabia, that we will make tax cuts for twenty years so that investors can plan for the long term.

He continued, “We will also provide permanent exemptions from the social insurance tax for the employer, and a permanent exemption from the value-added tax for transactions between companies in the economic zone and between companies in different economic zones, and we will provide incentives to attract competencies and exemptions from various fees related to bringing talents.”