Tax incentives for hydrogen production

Several tax incentives including refund 33-55% of the income tax related to hydrogen production or its expansion, VAT exemption for equipment and exported production, exemption from property tax, stamp tax and documentation fees, up to 30% of the workforce can be foreign, 30% reduction of port fees and land use fees reduction of 20-25%. Qualification criteria includes starting operations within 5 years from signing the agreements, at least 70% of the investment cost should be financed with foreign investments, at least 20% of the project components should be domestically manufactured

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