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Analyzing Changes to Special Consumption Tax, Free Zones, and Departure Tax Laws

  • Draft Omnibus Law includes amendments to Special Consumption Tax Law, Free Zones Law, and Departure Tax
  • Changes are aimed at simplifying regulations and improving the business environment
  • Amendments to Special Consumption Tax Law will impact the taxation of certain goods
  • Changes to Free Zones Law will affect regulations for businesses operating in free zones
  • Departure Tax amendments will impact the tax paid by individuals leaving the country

Source: research.ibfd.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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