Tax Incentive Scheme for Economically Weaker Areas

KPMG comments on a tax incentive scheme (starting January 1, 1996) for the promotion of business investments in the economically weaker areas.

This is contribution number 31 by KPMG Meijburg & Co regarding a tax incentive scheme (starting January 1, 1996) for the promotion of business investments in the economically weaker areas.

The Undersecretary has decided to introduce a tax incentive scheme (starting January 1, 1996) for the promotion of business investments in the economically weaker areas. Entrepreneurs who invest in these regions are offered the possibility of accelerated depreciation on investments in new business premises. This provides entrepreneurs with a cash-flow advantage. The scheme is not only available to entrepreneurs who are already established in such areas, but also to those who are going to set up a business in such areas.