Incentives under the certificate may include reduced corporate tax, customs duty exemption, VAT exemption and support for the employer's share of social security contributions. Applying reduced corporate tax requires tracking the investment contribution amount and reporting it correctly in the financial statements.
Related terms
Corporate income taxThe tax levied on the earnings of capital companies, cooperatives and other corporate entities.R&D deductionAn additional deduction for research and development expenditure in determining corporate income, subject to conditions set out in law.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.Capital gainGains of individuals from disposing of certain assets and rights that are subject to income tax.Certified public accountant (SMMM)A professional authorised to keep taxpayers' books, prepare their financial statements and advise on accounting and tax matters.
Last updated: October 22, 2026 · This definition is for general information only.