| PRODUCTION FOR EXPORT |
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| The Minister of Industry and Primary Resources may approve a company proposing to engage in agriculture, forestry and fishery activities either wholly or partly for export as an export enterprise and issues the certificate if he considers that it is in the public interest to do so. |
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| Every export company needs to specify the accounting period in which it is expected that the sales of the export product or produce: |
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Will not be less than 20% of the value of its total sales |
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Will not be less than B$20,000.00 |
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| Any given extension period shall not exceed 5 years at any one time and may be extended to but not exceeding more than 20 years in total. |
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| Tax Relief Period |
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| Not a pioneer enterprise |
8 years |
| Being a pioneer enterprise |
6 years |
| Extension |
Not exceeding 11 years in total |
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| But where an export enterprise has incurred or is intending to incur a fixed capital expenditure of: |
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Not less than B$50 million; or |
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Not less than B$500 thousands but less than B$50 million and |
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Where more than 40% paid-up capital of the export enterprise is held by local citizens and/or persons holding resident permits granted as regulated under the Immigration Act (Chapter 17),and the export enterprise will promote or has enhanced the economic or technological development of Brunei Darussalam |
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| The tax relief period given are as follow: |
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| Not a pioneer enterprise |
15 years |
| Being a pioneer enterprise |
15 years |
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| Investment Incentives |
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Exemption from income tax |
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Exemption from import duties on machinery, equipment, component parts, accessories or building structures |
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Exemption from import duties on raw materials |
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