Chapter 8: Tax Incentives

Part I: Income Tax Exemptions

Sections 162 to 164

• 162Income tax exemption
• 163Deductible donations
• 164Deduction for research and development

Part II: Economic Development Tax Incentives

Sections 165 to 183

• 165Priority sectors
• 166Eligibility for economic development incentive certificate
• 167Application for economic development incentive certificate
• 168Approval of application
• 169Terms of economic development incentive certificate
• 170Addition of product to the economic development incentive certificate
• 171Application of economic development incentive certificate
• 172Production day and qualifying capital expenditure
• 173Cancellation of economic development incentive certificate
• 174Information
• 175Publication of economic development incentive certificate
• 176Economic development tax credit
• 177Economic development incentive period
• 178Books and records for priority products
• 179Returns of profits
• 180Cancellation or discountenance of economic development tax credit
• 181Provisions for plantation industry
• 182Exclusion from other reliefs and transition arrangements
• 183Interpretation

Part III: Exemption From Stamp Duties

Sections 184 to 184

• 184Exemption from stamp duties

Part IV: Exemption From Value Added Tax

Sections 185 to 188

• 185Exempt supplies
• 186Taxable supplies chargeable at zero percent
• 187Exemption by order of the President
• 188Interpretation