Tax sops to boost exports

Friday, 11 November 2016 00:00 - - {{hitsCtrl.values.hits}}

The Government yesterday announced support to boost exports including value adding.

If there is an increase of 15% or more in foreign currency earnings for the year of assessment 2016/17 compared to 2015/16, the exporters will be granted a rebate of an amount equal to 75% of tax attributable to the excess earnings.

The 2017 Budget also announced several other support measures for exports.

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