Published | Category : Source deductions and contributions
Improvements to the Tax Holiday for Large Investment Projects
The tax holiday for large investment projects has been improved. In summary:
- the time limit for filing an application for an initial certificate has been extended to November 20, 2017;
- the capital investment threshold has been reduced to $100 million ($75 million if the investment is carried out in an eligible region);
- the investment period has been extended and is now 60 months; and
- the tax holiday period has been extended and is now 15 years.
The tax holiday consists of a deduction in the calculation of taxable income, in the case of a corporation, and an exemption from the contribution to the health services fund with regard to eligible activities relating to a large investment project, in the case of a corporation or a partnership.
For more information about the exemption from the contribution to the health services fund, see Large Investment Project.
For more information on the tax holiday for large investment projects, consult the website of the Ministère des Finances.