What types of investment project are eligible for tax exemption facilities?
Oct 07, 2021
Income tax exemption shall be granted to the following types of investment proj- ects (registered with BIDA), namely:
1. Newly established investment project (industrial undertakings),
2. Newly established physical infrastructure (physical undertakings),
3. Public Private Partnership (PPP) project,
4. Private sector power generation (other than coal-based),
5. Businesses of software development and information technology enabled services.
Income tax exemptions are tied with condition, which are:
i) Must registered with BIDA
ii) Obtained certificate from NBR