IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 14 Feb 2018 | Removal date: open ended
Still in force

Tax or social insurance relief

The Competitiveness Enhancement Act of 2017 also included different forms of tax relief for participating firms. Eligible firms are entitled to exemption from, or reductions of, corporate income tax on net profits for a maximum period of fifteen years.  In addition, eligible firms are entitled to an exemption of import duties on machinery and essential or raw materials.

AFFECTED COUNTRIES

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