Incentives & Benefit for Investors/Economic Zone Users

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Offline Mrittika Shil

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Incentives & Benefit for Investors/Economic Zone Users
« on: April 22, 2018, 11:32:38 AM »
Incentives & Benefit for Investors/EZ users:

TAX HOLIDAY :

-For all Economic Zones Income Tax Holiday (ITH)- 1st and the 2nd year 100%, 3rd year 80%, 4th 70%, 5th 60%,6th 50%, 7th 40%, 8th 30%, 9th 20% and 10th year 10%.

CUSTOM DUTY:   

-Duty-free import of raw materials, construction materials, capital machinery, finished goods.

INCOME TAX-OTHERS   

-Exemption from dividend tax (After tax holiday over)

REPATRIATION   


-Full repatriation of capital and dividend.

FREE FLOW FDI   

-No ceiling of FDI.

BACKWARD LINKAGE   

-100% backward linkage raw-materials and accessories to sell for export oriented industries( EOI) in Domestic Tariff Area( DTA).[/i]

LOCAL SALE   

-20% sale of finished product to DTA (From Export Processing Area –EPA).

SUB- CONTRACTING   

-Sub-contracting with DTA allowed.

STAMP DUTY   

-50% exemption of stamp duty and registration fees for registration of leasehold land/ factory space.

VAT


-80% exemption of VAT on all utility services consumed inside the zone.

CUSTOM DUTY

-Duty exemption on Export.

   
-Exemption of CD for import of 2 vehicles within 1st 5 years for foreign investors.

DOUBLE TAXATION   

-Exemption of double taxation subject to Double taxation agreement.

IT INDIVIDUAL   

-50% Rebate of income tax on salary income of expatriates for 5 years.

CUSTOM BOND   

-Consider EZ as custom bonded area.

FOREIGN EXCHANGE   

-FC loan availability (To ease business activity).
-FC Account for Non-Resident.
-FC Account for both local and joint venture industry.


JOINT VENTURE
   
-Joint venture allowed.

ROYALTIES   

-Royalty, technical fees will be exempted from income tax.

CAPITAL GAINS
   

-Tax exemption on capital gain.

SHARE TRANSFER   

-Share transfer allowed.
WORK PERMITS   

-Work permits – No restrictions on issuance of work permits on project related foreign nationals and employees but limited up to 5% of total employees.

RE- INVESTMENT
   

-Re-investment of remittable dividend to be treated as new foreign investment.
RESIDENT   

-Resident visa for investment of US$ 75000 or more.[/i

CITIZENSHIP   

-Citizenship for investment of US$ 500000 or more.