Section 4Part 2 — Approved Investments
Tax exemption approved investments
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An approved investment shall be exempted from any form of tax or duty computed on profits or income, which may be imposed by any legislation having effect in the Islands.
The exemption aforesaid shall be for such reasonable period as will, in the opinion of the Cabinet, permit the company to recoup in profits or net income the approved investment, and shall in no case be for more than twenty-five years from the date on which the investment is approved.
The Cabinet may, on the application of any company, approve an increase of that company's approved investment, but the period of exemption pursuant to subsection (2) shall not thereby be extended beyond the period originally established in relation to that company.