Regulatory Alerts2025-11-12
Added
FEPD Circular No. 45: Disbursement of cash incentives against the supply/sale of goods to enterprise located in specialized zones
The document prohibits the disbursement of cash incentives or export incentives against the supply or sale of goods in foreign currency from domestic institutions to enterprises located in specialized zones. This directive applies to all sectors, including the garment sector, and supersedes existing instructions regarding such incentives. The directive takes immediate effect, while other instructions in relevant Foreign Exchange Circulars remain unchanged.
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