Tax Rate - 4% on capital gains
resulting from the sale of shares
Exempt businesses will be subject to a tax rate of 4% on
capital gains obtained from the sales of their shares. This
tax rate substitutes the ordinary tax rate of 12.5% applicable
to corporations.
Tax Incentives Act, section
7(a)
Back
to Top of Page
Dividend Distributions – Tax exempt for stockholders
The stockholders or associates of a corporation or a partnership
that is an exempt business under the Tax Incentives Act will not be
subject to income taxes on the dividends distributed from the industrial
development income .
Tax Incentives Act, section
7(a)
Back to Top of Page
|
