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Constitutional Decree Amending the National Investment Encouragement Act of 2013

28 Jun 2019 أخبار رئيس المجلس العسكري الإنتقالي (سابقاً)

Khartoum – Gen. Abdul Fattah Al-Barhan issued today a constitutional decree amending the investment promotion law for the year 2013, to become a law to encourage national investment "amendment" in 2019

The decree stipulates the addition of a new article after Article 20 which includes customs exemptions and stipulates that the National Investment Authority may grant the project exemptions from customs duties on capital equipment that are not included in the customs tariff in coordination with the competent ministry with recommendation of the Minister of State to the President of the Authority. The same article provides that the project grant exemption from customs duties for the means of transport, except for the administrative pickup vehicles "two cabins” of more than 1000 CC, and and the station."

The additive article was subjected to production inputs for investment projects which did not appear in the customs tariff for the same category of the tax on the inputs of production in the customs tariff as determined by the regulations. The decree provides for renumbering the law of encouraging the national investment for the year 2013 accordingly.

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