Fiscal Incentives


Imported Goods

Fully Exempt

 Value Added Tax

 Exercise Duty

 Import Duty

 Import declaration fee

Local Supplies​

Zero-Rated

 Value Added Tax




Corporate Tax

Preferential Rates

 First 10 years - 10%

 Next 10 years - 15%

 Subsequent years - 30%


Withholding Tax

​Preferential Rates

  Interest - 5%

 Management - 5%

 Royalty - 5%


Stamp Duty

Exempt





Investment Deduction Allowance

100% Allowance on capital expenditure on building and machinery

 

Local government fees

Exempt

 Advertisement fees

 Business service permit


Local Supplies

Zero-rated

 Value Added Tax