{"id":85950,"date":"2024-05-08T00:00:00","date_gmt":"2024-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/08\/cabinet-approves-tax-exemptions-for-industrial-inputs\/"},"modified":"2024-05-08T00:00:00","modified_gmt":"2024-05-08T00:00:00","slug":"cabinet-approves-tax-exemptions-for-industrial-inputs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/08\/cabinet-approves-tax-exemptions-for-industrial-inputs\/","title":{"rendered":"Cabinet approves tax exemptions for industrial inputs"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Cabinet approved yesterday implementing tax exemptions for industrial inputs<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2097804\" style=\"\" rel=\"noopener\">state<\/a><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2097804\" style=\"\" rel=\"noopener\">news agency SPA<\/a> reports. The decision follows the Gulf Cooperation Council\u2019s Financial and Economic Cooperation Committee\u2019s adoption of a final draft of amended controls for the exemption of industrial inputs from tax in <a target=\"_blank\" href=\"https:\/\/www.gcc-sg.org\/en-us\/MediaCenter\/NewsCooperation\/News\/Pages\/news2023-10-5-4.aspx\" style=\"\" rel=\"noopener\">October last year<\/a>. No further details were provided on the timeline for implementation or the scope of the exemptions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And new names for two gov\u2019t bodies:<\/strong> The Saline Water Conversion Corporation will now be known as the Saudi Water Authority, while the Water &amp; Electricity Regulatory Authority will be renamed the Saudi Electricity Regulatory Authority.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also approved at yesterday\u2019s Cabinet meeting:<\/strong><\/p>\n<ul>\n<li>A cooperation agreement between the government and <strong>Jordan<\/strong> on <strong>energy<\/strong>;<\/li>\n<li>An MoU between the <strong>Energy Ministry<\/strong> and its counterpart in <strong>Brazil<\/strong>;<\/li>\n<li>An MoU between the<strong> Industry and Mineral Resources Ministry<\/strong> and<strong> Morocco<\/strong>\u2019s Energy Transition and Sustainable Development and another similar MoU on mining with <strong>Japan<\/strong>\u2019s Economy, Trade and Industry;<\/li>\n<li>An MoU on cooperation between the Saudi Central Bank (<strong>Sama<\/strong>) and<strong> Qatar Central Bank<\/strong>;<\/li>\n<li>Joining the <strong>Geneva Act of the Hague Agreement Concerning the International Registration of Industrial Designs<\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Water &#038; Electricity Regulatory Authority will be renamed the Saudi Electricity Regulatory Authority<\/p>\n","protected":false},"author":1,"featured_media":85951,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2598],"tags":[2731,136,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet","tag-cabinet-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"657b9b1f-4808-4fa0-9e3a-fb384e2bd576","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/485.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cabinet approves tax exemptions for industrial inputs","related_issue":[85940],"teaser":"The Water & Electricity Regulatory Authority will be renamed the Saudi Electricity Regulatory Authority","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.2d7e6eed-bc61-45ea-a3ab-304ddaccae0b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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