Investment Incentives Order, 2001 · s 26th

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26th.
2001
(2)
Where the Minister is satisfied that it is expedient in the public interest to do so and, in particular, having regard to the production or anticipated production of the pioneer product from all sources of production in Brunei
Darussalam, he may approve that company a pioneer enterprise and issue a pioneer certificate to the company, subject to such terms and conditions as he thinks fit
(3)
Every pioneer certificate issued under this section shall specify-fa} the date on or before which it is expected that the pioneer enterprise will commence to produce in marketable quantities the product specified in the certificate; and
(b) the rate of production of that product which it is expected will be attained on or before that date, and that date shall be deemed to be the production pay of the pioneer enterprise for the purposes of this Order.
·
(4)
The Minister may, in his discretion, upon the application of any pioneer enterprise, amend its pioneer certificate by substituting for the production day specified therein such earlier or later date as he thinks fit and thereupon the provisions of this Order shall have effect as if the date so substituted were the production day in relation to that pioneer enterprise.
Tax relief period of pioneer enterprise.

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s 26th

2001

(2)

Where the Minister is satisfied that it is expedient in the public interest to do so and, in particular, having regard to the production or anticipated production of the pioneer product from all sources of production in Brunei

Darussalam, he may approve that company a pioneer enterprise and issue a pioneer certificate to the company, subject to such terms and conditions as he thinks fit

(3)

Every pioneer certificate issued under this section shall specify-fa} the date on or before which it is expected that the pioneer enterprise will commence to produce in marketable quantities the product specified in the certificate; and

(b)

the rate of production of that product which it is expected will be attained on or before that date, and that date shall be deemed to be the production pay of the pioneer enterprise for the purposes of this Order.

(4)

The Minister may, in his discretion, upon the application of any pioneer enterprise, amend its pioneer certificate by substituting for the production day specified therein such earlier or later date as he thinks fit and thereupon the provisions of this Order shall have effect as if the date so substituted were the production day in relation to that pioneer enterprise.

Tax relief period of pioneer enterprise.