Government regulated the Knowledge Economy Law which exports $6 bn annually

The Government regulated the Knowledge Economy Law, offering tax benefits to encourage activities in the sector, such as reduction of income tax, segmented according to the size of the company and a reduction of up to 70% in employer contributions. Knowledge-Based Services (KBS) companies export close to $6 billion a year, making the sector the country’s third-largest export complex. Also, it employs over 250,000 workers, with average wages well above the rest of the economy.

Source: Ámbito