SPEDU tax deal kicks off

Friday, February 23, 2018

The special tax regime for the SPEDU region has kicked off under which qualifying firms will be taxed at five percent, compared to the prevailing rate of 22%, BusinessWeek has learnt.

The tax offer is part of a bouquet of incentives unveiled by government last March in an effort to attract investment to the SPEDU region following the collapse of BCL Mine.

The incentives also include zero customs duty on imported raw materials as well as fast-tracked land leases, licences, permits and utilities.

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