Exemption on export processing zone imported raw materials and intermediate goods, machinery and equipment, spare parts for exclusive use in the Free Zone.
Tax holiday for the first 10 years on export of finished consumer and capital goods and 30% is charged for each year thereafter after allowable deductions (this requires an exemption certificate from the Commissioner General);
100% exemption from tax on income from agro- processing (requires a certificate of exemption from the Commissioner General).
100% exemption on expenditure on scientific research;
100% exemption on training expenditure;
100% exemption on income of a person offering technical assistance (subject to a Technical assistance agreement);
100% exemption on income derived from the operation of aircrafts in domestic and international traffic or the leasing of aircraft;
Unrestricted remittance of profits after tax earned by the developer;
Exemption on intangible assets e.g. computer software;
There is no liability to tax until there is profit made by the developer of the Free Zone. Tax is on income after business commences not during set up or start- up;
Exemption from customs duty on plant and machinery used in the free zones for 5 years and 1 day;
Exemption from all taxes on exports from the free zones;
Exemption from state and local government taxes, levies and rates applicable to exports such as excise duty and customs taxes;
Exemption from payment of stamp duty on Free Zones for land owned by the Authority;