Section 56
of Investment Incentives Order, 2001
Section 56
(1)
Where a company is engaged in any qualifying service, the company may apply in the prescribed form to the Minister for approval as an export service company.
(2)
The Minister may if he considers it expedient in the public interest to do so, approve the application and issue the company with a certificate, subject to such terms and conditions as he may impose.
(3)
Every certificate issued to an export service company under this section shall specify –
(a)
a date as the commencement day from which the company shall be entitled to tax relief under this Part;
(b)
its qualifying services; and
(c)
its base amount of income for the purpose of subsection (2) of section 59.
(4)
The Minister may, in his discretion, upon the application of an export service company, amend its certificate by substituting for the commencement day specified therein such earlier or later date as he thinks fit and thereupon the provisions of this Part shall have effect as if the date so substituted were the commencement day in relation to that certificate.
Incorporating amendments until S 5/2011
(Cleancopy) NANI/H.AFIF/fiqah _ as of 11th March 2020
41
BLUV as at 16th February 2011
Tax relief period of export service company.