Section 6
of Investment Incentives Order, 2001
Section 6
(1)
The tax relief period of a pioneer enterprise shall commence on its production day and shall continue for a period of –
(a)
5 years, where its fixed capital expenditure is not less than $500,000 but is less than $2.5 million;
(b)
8 years, where its fixed capital expenditure is more than $2.5 million;
(c)
11 years, where it is located in a high tech park.
(2)
Where the tax relief period of a pioneer enterprise is 5 years and the Minister is satisfied that it has incurred by the end of the year following the end of that period fixed capital of not less than $2.5 million, the Minister may extend its tax relief period to 8 years from the production day.
(3)
In this section, “fixed capital expenditure” in relation to a pioneer enterprise, means capital expenditure incurred by the pioneer enterprise on its factory building (excluding land) or on plant, machinery or other apparatus used in Brunei Darussalam in connection with and for the purposes of the pioneer enterprise.
Incorporating amendments until S 5/2011
(Cleancopy) NANI/H.AFIF/fiqah _ as of 11th March 2020
6
BLUV as at 16th February 2011
Further extension of tax relief period.