Investor Presentaiton
Incentives - Industrial/Technology
Fiscal Incentives Act.
Corporation Tax Act.
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Exemption from CUSTOMS DUTIES on the construction of an
approved project.
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Exemption from VALUE ADDED TAX.
Exemption from INCOME TAX on dividends or other
distribution, other than interest, out of profits or gains
derived from the manufacture of the approved product
during the tax holiday period.
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A tax allowance set at 150 percent up to $3 million will be
provided to businesses that invest in tech start-ups and
new tech businesses
A tax allowance set at 150 percent up to $3 million will be
provided to businesses that engage in technology solutions
and digitalization
A tax allowance set at 150 percent up to $3 million will be
provided to businesses that create employment in the
technology industry, particularly for young people.
The Income Tax (In Aid of Industry) Act.
Where a person carrying on a trade incurs capital
expenditure on the provision of machinery or plant for
the purposes of that trade, there shall be made to him,
for the year of assessment in the basis period for which
the expenditure is incurred, AN ALLOWANCE (in this
Part referred to as "an initial allowance") EQUAL TO
90% OF THE EXPENDITURE INCURRED in the provision
of machinery and plant for the purposes of that trade.
The Customs Act.
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Exemptions from Customs Duties on raw MATERIALS,
MACHINERY and EQUIPMENT and in some cases PACKAGING
MATERIAL based upon the provisions of the Third Schedule of
the Customs Act, Chapter 78:01 (as amended).
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