Corporate Income Tax exemption - Manufacturing of Machinery and Equipment for Generation of Renewable Energy

Name of Incentive

Corporate Income Tax exemption - Manufacturing of Machinery and Equipment for Generation of Renewable Energy

Type of Incentive

Tax Incentive

Ministry

Agency

Sector

Electrical Machinery

Sub Sector

Product/Activity

Incentive Details

Description

Profits and gains derived by a taxpayer, from an industrial undertaking setup by 31 December 2016 and engaged in the manufacture of plant, machinery, equipment and items with dedicated use (no multiple uses) for generation of renewable energy from sources like solar and wind are allowed exemption from tax for a period of 5 years beginning from 1 July  2015.

Criteria for Consideration

Location for Consideration

Estimated Time

Ministry/Agency Details

Agency Contact

Agency Telephone

Agency Email

Agency Website

Agency Address

Guidelines/Forms

Remarks

Attachment

Online Form URL