| FOREIGN LOAN FOR PRODUCT EQUIPMENT |
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| There is a 20% withholding tax for interest paid to non-resident lenders. However the government may grant tax exemption for any “approved foreign loan” if: |
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The loan is utilised for the purchase of production equipment or |
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The credit facilities are obtained through financial agreement with the foreign lending company and |
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The amount is not less than B$200,000.00 |
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| Investment Incentives |
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Exemption on approved foreign loan interest from paying tax |
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