Section 6
Facilities And Concessions:
The following facilities shall be granted to industries established with foreign investment, without prejudice, to avail the additional facilities if any, available under the industrial Enterprises Act:-
6.1 | Interest income on foreign loans shall be taxed at a rate of 15% |
only. | |
6.2 | Royalties, technical and management fees shall be taxed at a rate |
of 15% only. |
6.3 No income tax shall be lived on the income earned from exports. Income tax will be levied at 15% on the income earned from exports.
6.4 Industries established with foreign investment are entitled to enjoy all the facilities and incentives including income tax facilities provided to the industries established with local investment under the industrial Enterprises Act.