Capital Allowances – the maximum allowance is 100% of
the cost
Plant and Machinery – an annual allowance ranging from
10% to 25% of the cost can be claimed for plant and machinery
Buildings – new buildings and improvements to existing
buildings used in an industrial business are entitled to an initial
allowance of 25%
Training – an employer is allowed a deduction of 200%
of the cost of training his employees on training approved by
the Commissioner of Taxes.
Investment promotion
is mainly focused but not limited to the following sectors:
Textiles and Garments
Tannery, Leather Processing & By-products
Jewelry, Diamond cutting & polishing
Glass Manufacturing
Information and Communication Technology
Tourism
The investor also has an Investment Services
Office which has a One –Stop Shop facility for both existing
and new investors. This facility ensures that investors receive
work/residence permits and all Government
authorizations with minimal delays.