Question

what tax incentives or tax breaks we can give to attract new businesses?

Answer 1

Below are the some of the tax incentives that government can give to attract the new business.

• Export and Import tax incentives: This includes, less service tax, tariffs, customs duty, VAT, excise duties etc.
• Machineries and technology related Tax incentives: This tax exemption is based on the purchasing of machineries, technology from other sources.
• Tax incentives for infrastructure and development: These tax incentives is for the infrastructures and construction for startup firm.
• Investment based tax incentives: if the startup firms invest the money in the shares and in some government undertaking projects, firms get the tax exemption or incentives.

These kinds of tax incentives can attract the new business.