Section 67P: Market research and product development for
This section is inserted by Finance Act 2021, section 38.
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.
67P. Market research and product development for
African market
(1) Subject to subsection (2), where, in an income
year, a manufacturing company incurs expenditure on market
research and product development for the African market,
it may deduct, from its gross income, twice the amount of
such expenditure incurred in that income year.
(2) Where a company claims a deduction under this
section, it shall not be entitled to annual allowance in respect
of that expenditure under section 63.
Acts 2021 343
(q) by inserting, after section 73A, the following new section –