| INVESTMENT ALLOWANCES |
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| Subject to economic, technical and other merits of the project, an investment allowance may also apply in respect to the fixed capital expenditure for any of the following: |
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The manufacture or increased manufacture of any product |
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The provision of specialised engineering or technical services |
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Research and development |
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Construction operation |
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Recycling of domestic industrial waste |
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In relation to any company qualifying under pioneer services |
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Promotion of the tourist industry (other than a hotel) in Brunei Darussalam |
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| Every certificate issued under this section shall specify a date from the day of investment. |
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| Allowances |
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| Where a company proposes to carry out an approved project, the investment allowance granted shall be a specified percentage, not exceeding 100% of the amount of fixed capital expenditure incurred on each item specified, if the fixed capital expenditure is incurred: |
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Within a period not exceeding 5 years commencing from the day of investment and |
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In the case of promoting the tourism industry, not exceeding 11 years commencing from the day of investment. |
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| Investment Incentives |
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Exemption from corporate tax |
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