IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2013 | Removal date: 01 Jan 2015
Still in force

Localisation incentive

On 9 August 2012 the Ministry of Strategy and Finance announced the details of the 2012 Tax Revision Bill, elements of which relate to international commerce. One prominent component was the extension for two years of the incentives given to "domestic firms" to repatriate commercial activities once they have been away for more than two years. Such firms can enjoy a five year corporate and individual tax holiday followed by two further years with a 50 percent reduction in these taxes. In addition, returning Small and Medium Sized Businesses can claim import tariff exemptions.

AFFECTED COUNTRIES

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