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Law No.10 |
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Knowledgeable people
Karawani law Firm |
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| Title: | Exemptions and Privileges According to the Investm | | Topic: |
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According to this Law, the company can grant the following facilities and privileges:
- Importing all needs of machinery, apparatuses, appliances, equipment, work vehicles, for project services and other material necessary for the construction, development or expansion.
- Importing all materials and requirements necessary for the operation of the project (primary, semi-manufactured and manufactured and all materials necessary for production process that are considered part of the final product and a component thereof). And all the above mentioned Items will be exempted from taxes and financial, municipal and customs fees and other fees provided the usage as project objectives.
- import private service cars and small buses , vehicles, buses to the project use , These cars are exempted from all taxes and fiscal stamp, local and custom duties.
- Investor has the right to own or lease land and real estates necessary for the establishment of his investment project , and this is exempted from the real estate and non-built plot revenue tax.
And the other facilities according to this law are :
- Facilities related to Essential services ( Water , Electricity , Phone Line , etc ..)
- Facilities in getting a loans from the Syrian Banks
- These Projects, Their profits and distributed items will be exempted from all taxes imposed on revenues, from real estate and non-built plot revenue tax.
Project Exemptions Period :
- Five to seven years of Exemptions and facilities.
- Three years maximum foundation period of investment enterprises , starts as of the date of the license decision issue establishing the project . this period also have the same exemptions and not considered from the five or seven years of exemptions.
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