Tuesday, February 06, 2018

Issue Number: 3300

New Regulation on Income-Tax Allowances for Investments within the Industrial Sector

The Ministry of Industry (“Ministry”) has issued Regulation No. 1 of 2018 on Criteria and/or Requirements for the Implementation and Utilization of Income-Tax Allowances for Investments in Certain Business Sectors and/or Areas within Industrial Sectors (“Regulation 1/2018”).   Regulation 1/2018 essentially serves as a set of guidelines for domestic taxpayers operating within the industrial sector (“Taxpayers”)as regards the securing of income-tax allowances for investments within certain business sectors and/or certain areas....
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