Tax Facilities for Special Economic Zones

The government has issued a regulation stipulating the granting of tax, customs, and excise facilities to business entities or business players in Special Economic Zones. The government has also outlined provisions on the procedures for the registration and cancellation of Taxpayer Identification Numbers as well as the confirmation and revocation of Taxable Persons for VAT Purposes for government agencies.

In addition, there are new regulations concerning the draft government regulation in the field of tax for 2021, ease of ownership of public flat units and incentives for developers, and ease of regional business licensing. All of these new regulations are reviewed in this edition of the newsletter.

Contents

• Tax Facilities for Special Economic Zones
• Procedures for the Registration and Cancellation of Taxpayer Identification Numbers and Confirmation and Revocation of Taxable Persons for VAT Purposes for Government Agencies
• Two Draft Government Regulations in the Tax Sector
• Ease of Regional Business Licensing
• Ease of Ownership of Public Flats and Incentives for Developers