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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 fr...

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, expo...

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, export...

Policy solution finalised for Peugeot assembly plant 2021-01-20  There is light at the end of the tunnel for the N$190 million-dollar Peugeot Opel Assembly Namibia (POAN) venture at Walvis Bay as legislation to enable the exportation of the locally assembled vehicles into the Southern African region has been finalised. The exportation of vehicles from the factory, established in 2019, has been marred by an export tariff of 18% as a result of Rules of Origin provisions in previously agreed regional trade agreements. Government owns 49% in POAN whilst global automotive manufacturer, PSA Gro...

The Federal Board of Revenue (FBR) has devised an integrated strategy that has significantly increased exports of Pakistan from $1.6 billion (in August