Investors will have to be content with tax break

The Ministry of Economy has announced its plan to give investment incentives from 1 June chiefly in the form of tax breaks.

“We are proposing extending the eligibility for tax relief as investment assistance from five consecutive tax periods to ten” stipulates the proposal, which has now been passed on by the Ministry for interdepartmental review.

Only  strategic projects will be granted subsidies for acquiring fixed assets, and there will be none for industrial investments being placed in areas with higher employment.

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