Investor Presentaiton
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Tourism Incentives
Tourism Development Act, Chap. 87:22 (TDA).
CUSTOMS & EXCISE DUTIES for building materials and
articles of tourism equipment.
A TAX EXPEMTION not exceeding 7 years in respect of
the gains or profits from an approved tourism project.
A TAX EXPEMTION in respect of the gains or profits
derived from the initial sale of a villa or condominium
or the site for a villa or condominium that forms part
of an IRD which is an approved tourism project.
An ACCELERATED DEPRECIATION of depreciable
equipment owned by the owner or operator and used
in an approved tourism project.
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A CAPITAL ALLOWANCE in respect of approved
capital expenditure incurred by the owner or
operator in the creation of a new tourism project or
in the expansion of an existing tourism project.
A CARRY-OVER from a tax exemption period, if any,
of any loss arising out of the operation or renting
of an approved tourism project.
DUTY CONCESSIONS on motor vehicles - Payment
of Customs duty at a rate of 10%, VAT (12.5%) and
no Motor Vehicle Tax
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