Corporate Income Tax reduced to twenty percent for foreign direct investment in industrial undertaking
Name of Incentive
Corporate Income Tax reduced to twenty percent for foreign direct investment in industrial undertaking
Type of Incentive
Tax Incentive
Ministry
Agency
Sector
Industry
Sub Sector
Product/Activity
Incentive Details
Description
A reduced income tax rate of twenty percent will be applicable to a company setting up an industrial undertaking between 1 July 2014 and 30 June 2017 for a period of five years, provided that 50% of the cost of the project, including working capital, is funded through owner equity foreign direct investment
