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Free Trade Zone Announces Ambitious Investment Plan - CentralAmericaData :: The Regional Business Portal


Free Trade Zone Announces Ambitious Investment Plan
America Free Zone, located in Heredia, Costa Rica, plans to execute an investment plan in the next few years totaling close to $120 million and contemplates the implementation of electro-lane stations and the construction of new infrastructure.
Wednesday, January 27, 2021
Executives of the business complex informed that up to now they offer their clients 200 thousand m2 of space for business activities, but the medium-term plans are to add another 60 thousand m2.
The objective of the directors of America Free Zone (AFZ) is to turn the free trade zone into an intelligent business city, in which its clients can meet their main needs without having to leave the premises. ....

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Tax haven cost government millions - Ekonomie


27 January 2021 | Ekonomie
Registered manufacturers in Namibia will only have up to 31 December 2025 to enjoy the tax incentives granted in the Income Tax Act and the Export Processing Zones Act.
In 1996, the government implemented a policy for the establishment of an Export Processing Zone (EPZ) regime to serve as a tax haven for export-oriented manufacturing enterprises in the country, in exchange for technology transfer, capital inflow, skills development and job creation. The Income Tax Amendment Act, 2 of 2020 was gazetted on 22 June 2020. According to Nicole Dreyer of BDO Namibia, exporters will qualify for the allowance on exports up to 31 December 2025 irrespective of their year-ends. EPZ enterprises in possession of export processing zone certificates under the Export Processing Zones Act on 31 December 2020, will continue to qualify for the tax incentives up to 31 December 2025. ....

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How poor Kenyans are carrying tax burden for inefficient firms


THE STANDARD
By
Dominic Omondi |
January 24th 2021 at 00:00:00 GMT +0300
Times tower building in Nairobi which hosts Kenya Revenue Offices (KRA). [Wilberforce Okwiri, Standard]
President Uhuru Kenyatta’s grand dream of boosting the manufacturing sector to create millions of jobs for unemployed youth seems to be in shambles.
And now his administration wants out of the plan to support local manufacturing firms with a mixture of tax incentives, low tariffs and bailouts because they have become dead weight.
Several studies have shown that these companies have not increased investments, exports or jobs despite enjoying the tax breaks.
Already, the National Treasury has rolled back several tax holidays enjoyed by some of the firms, including those in the Export Processing Zones (EPZ) after it became apparent that taxpayers were getting a raw deal. ....

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