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Taxation Allowances    
     
  • 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.