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Investor Presentaiton

Source: Ministry of Finance Incentive MANUFACTURING INCENTIVES Description Fiscal Incentives (i) Import Duty Concessions Approved Small Company Status Free Trade Zones Allowances to the manufacturing sector Tax exemptions for the Housing Sector Customs duties on the construction of an approved project; (ii) Value Added Tax; and N National Energy CORPORATION OF TRINIDAD AND TOBAGO (iii) 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. 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). Approved Small Company Status is a designation granted to a Limited Liability Company, allowing it to derive a tax relief for a period of five (5) years. Free Zone activities that qualify for approval include manufacturing for export, international trading in products, services for export and development and management of free zones. Sales into the customs territory are treated as extra regional imports. 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. There shall be exempt from income tax until the year ending 31st December 2018, the gains or profits derived from the initial sale of a residential house site, being part of a land development project, provided the owner of the land produces a certificate from the Minister with responsibility for housing in support of the claim for exemption Act Fiscal Incentives Act, Chapter 85:01 Third Schedule of the Customs Act, Chapter 78:01 Corporation Tax Act, Chapter 75:02 Free Zones Act, Chapter 81:07 Chap. 85:04 Income Tax (In Aid of Industry) Act Section 45C (1) of the Income Tax Act, Chapter 75:01 14
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