- KSA ZATCA has published the Bonded Zones Rules on its platform
- The rules provide a regulatory framework for customs operations in bonded zones within KSA
- Bonded zones allow businesses to store goods without immediately incurring VAT and Excise Tax
- Foreign entities can operate in these zones without a commercial register
- Different types of bonded zone licenses are available based on activities allowed
- Businesses can undertake value-adding activities, maintenance, and e-commerce operations in bonded zones
- Bonded zones help in better cash flow management and operational adaptability
- The rules are expected to have a positive impact on local and international businesses in KSA and the wider region.
Source: mailchi.mp
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
