REDUCED CORPORATE INCOME TAX (CIT) RATES OF A LOW COST AFFORDABLE RESIDENTIAL PREMISES (UP TO FIVE YEARS
Brief Description
Corporate tax rates are presently 25%. However, income derived from letting for sale of low
cost affordable residential premises approved by Minister for Works and Housing for the first 5
years have a chargeable income tax rate of 1% (a reduced rate)
Criteria
Low cost affordable residential premises approved by Minister for Works and
Housing within five years of operation
