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Home > QFINANCE Dictionary > Definition of tax concession

Definition of

tax concession

Tax

tax reduction encouraging investment a tax reduction allowed, for example, to encourage investment in a particular type of industry

tax concession - Related Articles
  • St Kitts and Nevis

    QFINANCE Country Profiles

    There is no personal income tax in St Kitts. Qualified companies enjoy full exemption from taxes on corporate profits for up to 15 years. Corporate tax is levied at the rate of 35% of net profits. This tax does not apply to exempt companies, or to enterprises that have been granted a tax concession.

  • Turks and Caicos Islands

    QFINANCE Country Profiles

    concessions to investors, who construct “approved” projects throughout the country, with more generous concessions for the lesser-developed islands. There is no income or company tax, which it is hoped will also help attract more offshore financial companies. There are indications that this is working, as more

  • Sri Lanka

    QFINANCE Country Profiles

    promotion campaigns away from granting tax concessions at the expense of present revenues. “More steps need to be taken to institutionalize this policy by revising investment guidelines and regulations to provide more clarity to prospective investors while safeguarding tax revenues,” the IMF said.

  • Infrastructure Finance: Islamic Alternative

    Viewpoints

    The Middle East is still the dominant region, with the main focus on the Gulf states, although there is increasing demand in other areas such as north Africa. But that balance may soon change. Beyond the Middle East and Asia, concession-holders and banks are starting to consider including Islamic financial tranches in their project finance structures, which would enable them to diversify their sources of funding by accessing Middle Eastern capital.
    By Natalie Schoon

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Definitions of ’tax concession’ and meaning of ’tax concession’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’tax concession’ and other financial terms with our online QFINANCE Financial Dictionary.

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