Investment Incentives Order, 2001 · As enacted · Part II
Section 6
Official textFrom Attorney General's Chambers, unchanged
The tax relief period of a pioneer enterprise shall commence on its production day and shall continue for a period of -
{a}
5 years, where its fixed capital expenditure is not less than
fixed capital expenditure
"fixed capital expenditure" means capital expenditure to be incurred on any building (excluding land) and on any new productive equipment (and, subject to the approval of the Minister, on any secondhand productive equipment) to be used in Brunei Darussalam;
$500,000 but is less than $2.5 million;
8 years, where its fixed capital expenditure is more than $2.5
million;
{c)
11 years, where it is located in a high tech park.
Where the tax relief period of a pioneer enterprise is 5 years and the
pioneer enterprise
"pioneer enterprise" means any company which has been approved by the Minister and to which a pioneer certificate has been issued under section 5;
Minister is satisfied that it has incurred by the end of the year following the end of that period fixed capital of not less than $2.5 million, the Minister may extend its tax relief period to 8 years from the production day.
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
In this section, "fixed capital expenditure" in relation to a pioneer enterprise, means capital expenditure incurred by the pioneer enterprise on its factory building (excluding land) or on plant, machinery or other apparatus used in 1309
Brunei Darussalam in connection with and for the purposes of the pioneer enterprise.
Terms defined in this Act
fixed capital expenditure
Defined · s 88"fixed capital expenditure" means capital expenditure to be incurred on any building (excluding land) and on any new productive equipment (and, subject to the approval of the Minister, on any secondhand productive equipment) to be used in Brunei Darussalam;
Minister
Defined · s 3"Minister" means the Minister charged with the responsibility for industrial development;
pioneer enterprise
Defined · s 3"pioneer enterprise" means any company which has been approved by the Minister and to which a pioneer certificate has been issued under section 5;
Part III
Part IV
Part VI
Part VII
Part VIII
Part IX
International Trade Incentives
Part X
Foreign Loans for Productive Equipment
Part XI
Investment Allowances
Part XII
Part XIII