The overall net economic benefit in terms of duties, wages, tax revenues, foreign exchange earnings, multipliers and stimulative effects as well as social and environmental costs will be considered. Favourable consideration will be given to projects that involve the transfer of technology training of local staff. The Government is particularly encouraging the production of substitutes for imports by companies which can put together local manpower and raw materials in a basic processing operation. Ideally, this would involve some form of processing or manufacturing that would provide either import substitution or export opportunities. The tax year follows the calendar year, although businesses may adopt an alternative accounting period.
Returns of income are due within three months of balance date.
Tax is payable within nine months of balance date.