Saudi Arabia announced the establishment of a Special Economic Zone (SEZ). A Royal decree was issued to approve the regulation of the “Integrated Logistics Bonded Zone – ILBZ”. The first zone, to be allocated in King Khalid International Airport and similar zones are expected at other airports, once approved by the Council of Economic and Development.
The preferential treatment within the zone will be available for activities, including warehousing and fulfillment; inventory management, maintenance, and repairs; staging, testing, sorting, and assembly; import, export, and re-export of goods; logistics and after-sales services; and certain recycling activities.
The zone aims to attract more multinational companies to the country, through measures including the following:
In addition to the measures, the ILBZ also offers direct and indirect tax incentives that are yet to be determined.
Source: Saudi Press Agency
This workshop will not only provide insights into the latest national and international developments in the field of analytics applied by governments, but will also allow for sufficient dialogue amongst participants and presenters alike to share best practices around designing a Tax Risk Management Strategy going forward.
How to manage Global Tax Controversy?
How to use Value Chain Analysis as a risk management tool?
How to Use Tax Technology to stay one step ahead of the tax authorities?
Time: 9.00AM - 6.30PM London (UK)
Venue: De Vere Grand Connaught Rooms, London