Section 37
of Investment Incentives Order, 2001
Section 37
(1)
The tax relief period of an expanding service company shall –
(a)
commence on its expansion day; or
(b)
if the expansion day falls within the tax relief period specified in any certificate previously issued to the company for the same or similar qualifying activity under Part III, commence on the day immediately following the expiry of that tax relief period, and shall continue for such period, not exceeding 11 years, as the Minister may, in his discretion, determine.
(2)
The Minister may, where he is satisfied that it is expedient in the public interest to do so and subject to such· terms and conditions as he may impose, extend the tax relief period of an expanding enterprise for such further period or periods, not exceeding 5 years at any one time, as he may determine, except that the tax relief period of the expanding enterprise shall not in the aggregate exceed 20 years.
Incorporating amendments until S 5/2011
(Cleancopy) NANI/H.AFIF/fiqah _ as of 11th March 2020
30
BLUV as at 16th February 2011
Application of certain sections to expanding service company.