Tax Rate - Approximately
6.6%
Exemption - 100% exemption on raw materials, machinery
and equipment
Eligible businesses will be exempt from the payment of excise
taxes on the machinery and equipment needed to fulfill environmental,
safety, sanitary or health regulations. Eligible businesses
will also be totally exempt from excise taxes imposed on the
raw material, machinery and equipment used in the manufacturing
process.
Tax Incentives Act, section
6(c) |
