Saudi Arabia's Economic Cities and Special Zones Authority (ECZA) has issued a brochure on the new Special Economic Zones (SEZs) launched on 13 April 2023 (previous coverage), including the incentives provided for each. This includes the following incentives for the King Abdullah Economic City (KAEC) SEZ, the Ras Al-Khair SEZ, and the Jazan SEZ:
- 5% corporate income tax for up to 20 years;
- 0% withholding tax permanently for repatriation of profits from SEZ into foreign countries;
- 0% customs …