By means of Official GazetteNo.32 of 26 May 2016, the Tourism and Business Incentives Act, 2013, published in the Official Gazette No. 26 of 17 April 2014 was introduced in Parliament to extend its duration for another two years commencing 7 April 2016 until 16 April 2018.
The act provides for a wide range of incentives in the areas of the tourism industry and other business activities for companies investing over ECD100,000,000. The main tax incentives of the act provide total or partial exemption from the following taxes:
Income tax withholdings