The tax relief period of expanding service company shall:-
- Commence on its expansion day; or
- If the expansion day falls within the tax relief period specified in any certificate previously issued to the company for the same or similar qualifying activity, tax relief period will begin immediately after the expiry of the existing tax relief period.
Exemption period 11 years. The extension period not exceeding 5 years at any one time and may be extended but not more than 20 years in total.
Tax Relief Period
|
|
PERIOD |
|
|
11 years |
|
Extension |
5 years at one time but not exceeding 20 years in total. |
Investment Incentives
Exemption from income tax