Manufacturing Sector

In addition to the General Incentives, manufacturers are entitled to the following:

• Exemption from Customs Duty and Consumption Tax for manufacturers registered under the Consumption Tax Act for:
  • Packaging equipment and materials
  • Vehicles imported exclusively for the manufacturing process
  • A wide range of auxiliary plant equipment, including generators, boilers, fork lifts, etc.
  • Raw materials.
• An Initial Allowance which is an accelerated allowance for capital expenditure. The rate depends on the nature of the expenditure:
  • Plant and Machinery
    Initial allowance 40%
    Annual allowance 20%
  • Industrial Buildings and Structures
    Initial Allowance 10%
    Annual Allowance 5%
• The export allowance indicated previously for non-traditional exports also apply to manufacturing.

Read more on:

• General Incentives
• Special Incentives
• Sectoral Incentives