Investment Compliance Division
Our Functions
- Monitor the approval of Tax Incentives as provided under the Promotion of Investments Act 1986 and Income Tax Act 1967
- Evaluate post -incentive applications approved under the Investment Promotion Act, 1986 (PIA 1986) and the Income Tax Act, 1967 such as the issuance of a Pioneer Status Certificate and the determination of the effective date of the Incentive
- Monitor compliance with incentive conditions for Pioneer Status, Investment Tax Allowance or Pre-Package that have been approved in accordance with the Investment Promotion Act 1986 or the Income Tax Act 1967
- Process approval for the issuance of Manufacturing License Certificate by ensuring compliance under the Industrial Coordination Act 1975 and State Government Legislation
- Evaluate Post-Licencing applications such as applications for change of equity, change of Board of Directors and amendments to the conditions of Manufacturing Licenses in accordance with the Industrial Coordination Act 1975
- Identify Post-Incentive and Licensing issues and propose improvement mechanisms to key stakeholders
- Provide consulting and advisory services to stakeholders on legislation, policies and procedures related to Incentive and Licencing compliance issues
