The Inland Revenue Division of the Ministry of Finance and Energy advises manufacturers that it is now accepting applications for Eligibility/Standing under the Manufacturers’ Support Programme for 2015.
Applicants are required to address all applications to the Comptroller, Inland Revenue Division, with the following:
Number of persons currently employed;
Value of export sales for the period January to December 2014;
Value of sales excluding export sales for the period January to December 2014; and
Level of investment in 2014.
Please note that the due date for submission is 15 May, 2015.
Under the Manufacturers’ Support Programme, Government has a tax expenditure allocation (concessions) of up to $2.5M to support manufacturers through which certain inland taxes paid by manufacturers can be reduced.