Investment Incentives Order, 2001 · s 32

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32.
( 1)
The tax relief period of an expanding enterprise shall commence on its expansion day or if the expansion day falls within the tax relief period specified in any certificate previously issued to the enterprise under Part II or VII for the same or similar product, commence on the day immediately following the expiry of that tax relief period and shall -
{a) where such expanding enterprise has incurred new capital expenditure not exceeding $1 million, continue for a period of 3
years; and
{b)
where such expanding enterprise has incurred new capital expenditure exceeding $1 million, continue for a period of 5 years.
(2)
The Minister may, where he is satisfied that it is expedient in the public interest to do so and subject to such terms and conditions as he may impose, extend the tax relief period of an expanding enterprise for such further period or periods, not exceeding 3 years at any one time, as he may determine, except that the tax relief period of the expanding enterprise shall not in the aggregate exceed 15 years.
Application of section 10 to expanding enterprise.

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s 32( 1)

The tax relief period of an expanding enterprise shall commence on its expansion day or if the expansion day falls within the tax relief period specified in any certificate previously issued to the enterprise under Part II or VII for the same or similar product, commence on the day immediately following the expiry of that tax relief period and shall -

{a) where such expanding enterprise has incurred new capital expenditure not exceeding $1 million, continue for a period of 3

years; and

{b)

where such expanding enterprise has incurred new capital expenditure exceeding $1 million, continue for a period of 5 years.

(2)

The Minister may, where he is satisfied that it is expedient in the public interest to do so and subject to such terms and conditions as he may impose, extend the tax relief period of an expanding enterprise for such further period or periods, not exceeding 3 years at any one time, as he may determine, except that the tax relief period of the expanding enterprise shall not in the aggregate exceed 15 years.

Application of section 10 to expanding enterprise.