Unlock unparalleled growth opportunities for your startup with the invaluable advantages
TRIFIC’sSEZincentives for startups provide a strategic edge by offering tax breaks, customs duty exemptions, and a range of financial incentives. These incentives significantly reduce operational costs, allowing startups to allocate resources where they matter most—innovation and expansion.
- 16%costsaving due to the VAT zero-rating status on all supplies to SEZs
- Approximately 43.5%cost saving on the importation of goods due to the customs duty and Import Declaration Levy exemption.
- Upto36%costsaving on imported services due to the reverse VAT and Withholding tax exemption
- Upto67%costsavingoncorporationtaxcashoutflows
1. Debt: Lower cost of foreign debt due to the 10-year withholding tax exemption and a preferential rate of 5% thereafter.
Implications on Financing:
• 15% saving on the cost of foreign debt due to the withholding tax exemption on foreign interest payments.
2. Equity: Maximum distribution to shareholders due to the withholding tax exemption on dividend payments.