Manufacturing

The manufacturing sector comprises mainly of light industry which includes the production of cement blocks, clay tiles, garments and textiles, paint, paper products, furniture, electronic components, chemicals, edible oils, soap and food products. Manufacturing enterprises involved in the production of an “approved product” are entitled to special incentives under the Fiscal Incentives Act on approval of their application by the Ministry of Finance and Economic Affairs. Tax holidays are granted according to the percentage of local value added to the item being manufactured.

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