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Subject to the economic, technical and other merits of the project, an investment allowances may also be applied in respect of the fixed capital expenditure of any of the following:-
- For the manufacture or increased manufacture of any product;
- For the provision of specialized engineering or technical services;
- For research and development;
- For construction operation;
- For recycling of domestic industrial waste;
- In relation to any qualifying activity under pioneer services company;
- For promotion of the tourist industry (other than a hotel) in Brunei Darussalam.
Every certificate issued under this section shall specify a date from the investment day.
Investment Allowances
Where a company proposes to carry out a project, the investment allowance granted for the approved project shall be a specified percentage not exceeding 100% of the amount of fixed capital expenditure incurred on each item specified on an approved project if the fixed capital expenditure is incurred-
- - Within such period, not exceeding 5 years, commencing from the investment day
- - In the case of the promotion of tourist industry, not exceeding 11 years commencing from the investment day.
Investment Incentives
Exemption of income tax. |
