Economy, Domestic Economy

Tax Break for Private Investors

Tax Break for Private InvestorsTax Break for Private Investors

The Supreme Council of Economic Coordination has recently approved a bill that aims to improve the economic viability of development projects and attract private sector investments in the government’s incomplete projects. To facilitate this, gains from investment by cooperatives and private sector in public-private partnerships and privatization deals will not be subject to taxation for 10 years from the date of the agreement or its commercial operation, reported.


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