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Any Company intending to incur new capital expenditure for the purpose of the manufacture or increased manufacture of an approved product may apply to the Minister for an Expansion Certificate.To qualify for an expansion certificate:- - - The company must incur a new capital expenditure in the purchase of productive equipment exceeding B$1 million; or
- - Where the expenditure is less than $1 million but exceeds $500,000 and will result in an increase of not less than 30% in value at the original cost of all the productive equipment of the company.
Tax Relief Period
NEW CAPITAL EXPENDITURE | TAX EXEMPTION PERIOD | up to $1 million | 3 years | more than 1 million | 5 years | Extension | 3 years at any one time and not exceeding 15 years in total |
Investment Incentives
Exemption from income tax |
