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.