Sana'a: A meeting held on Tuesday, chaired by the Head of the General Authority for Investment, Mohammed bin Ishaq, discussed mechanisms for granting additional facilitations to investment projects and activating tax exemptions guaranteed under the Investment Law. The collaborative session aimed at streamlining processes and enhancing the ease of doing business for investors.
According to Yemen News Agency, the meeting included Deputy Technical Head of the Tax and Customs Authority, Waheed Al-Kibsi, and reviewed a package of implementation measures designed to improve the investment environment and address challenges faced by both new and existing projects. These measures are intended to ensure smoother services for business owners and investors, thereby encouraging further investment in the region.
The meeting approved the empowerment of the Tax Office located within the Investor Services Center, commonly referred to as the One-Stop Window, at the Authority. This office has been granted full powers to implement tax procedures related to investors, ensuring swift completion of transactions in a single location, thereby reducing bureaucratic delays.
Additionally, the formation of a joint technical team between the Investment Authority and the Tax and Customs Authority was approved. This team is tasked with completing electronic linkage procedures to ensure institutional integration, improve performance efficiency, and strengthen the principle of digital transparency.
During the meeting, the Head of the Investment Authority emphasized that strengthening the partnership with the Tax and Customs Authority is a key pillar in developing a more favorable business environment. He noted that the Authority is committed to automating and unifying procedures to enable investors to obtain legal exemptions with ease, ultimately serving the national interest, supporting economic stability, and attracting capital investment.