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Corporate Income Tax
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For manufacturing
companies
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Category 1 - normal products
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Maximum of 20% for 10 years
(from the date of company's profit generation),
after which standard rate of 28% is applied.
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Tax-free for 2 years after
profit has been generated, 10% for subsequent 6 years
and 20% for the remainder of the 10 years (from
the date of company's operation).
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Category 2 - encouraged products
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Maximum of 15% for 12 years
(from the date of company's profit generation),
after which standard rate of 28% is applied.
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Tax-free for 3 years after
profit has been generated, 7.5% for subsequent 7
years and 15% for the remainder of the 12 years
(from the date of company's operation).
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Category 3 - special incentives / high tech products
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Maximum of 10% for 15 years
(from the date of company's profit generation),
after which standard rate of 28% is applied.
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Tax-free for 4 years after
profit has been generated, 5% for subsequent 9
years and 10% for the remainder of the 15 years
(from the date of company's operation).
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Import Tax
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Exemption - on
goods that form part of the fixed assets, including
equipment and machinery, passenger vehicles of 24 seats
or more, construction materials not locally available.
- Exemption - on production raw materials,
parts, accessories for export goods.
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