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Investor Presentaiton

MENA-OECD INVESTMENT PROGRAMME 1. 2. 3. III. Incentive Framework The use of incentives should be consistent with the agreed upon "Conclusions of the MENA Task Force on Incentives, 29-30 June❞ Tax incentives inside zones should be harmonized with the national tax system; thereby leveraging the introduction of zone reform for achieving overall tax reform; The use of performance based incentives should be through a country's tax code rather than through special legislation; as to increase the effectiveness of tax administration; Where tax incentives are offered, the introduction of sunset clauses is encouraged; as long term commitments create equity problems. Various MENA countries have introduced such clauses when granting incentives. 27 OECD
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