Tax Incentives for SMEs

• Tax credits are available for taxes and duties paid on purchases of raw materials of

products for export, domestic capital equipment, domestic breeding stock and
genetic materials.

• -A tax credit of 25% of the duties paid on raw materials and capital equipment

and/or spare parts.

• 4 to 8 years income tax holiday. A 5% tax on the modified gross income is

imposed after the end of the income tax holiday.

• Tax and duty exemption on imported capital equipment and raw materials.
• National and local tax exemption.
• Tax rebate for the purchase of domestic capital good

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• An exemption from wharfage dues and export tax, duty import and fees.
• Additional deduction for labor expense (ADLE).
• Additional deduction for necessary and major infrastructure works.

Excise tax on exported goods produced or manufactured locally can be credited or
refunded upon submission of the proof of actual exportation and upon receipt of the
corresponding.

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