Section 49: Income derived by a company
This section is inserted by Act No 13 of 2019, section 26.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
49. Income derived by a company
set-up on or after 10 June 2019
and engaged in the development of
a marina for a period of 8 income
years starting from the income year
in which the company starts its
operation.
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Questions this section answers
- Is income from developing a marina exempt from tax, and for how many years?