Tax Credit for Employment Generation by Manufacturers

Name of Incentive

Tax Credit for Employment Generation by Manufacturers

Type of Incentive

Tax Incentive

Ministry

Agency

Sector

Sub Sector

Product/Activity

Incentive Details

Description

A tax credit of two percent of tax payable for every 50  employees registered with Social Security and Employees Old Age Benefit Institution is available to manufacturing companies, which are formed between 1 July 2015 and 30 June 2019, for a period of 10 years. The maximum tax credit shall, however, not exceed 10% of the tax payable.

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