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MWC Developers

A. Income tax exemption of 100% on the statutory income derived from:

  • The disposal of any right or rights over any land or disposal of a building or rights over a building or part of a building located in Mines Wellness City from the first-year of assessment MWC Developer derives statutory income until the year of assessment 2023; or
  • The rental of a building or part of a building located in Mines Wellness City from the first-year of assessment MWC Developer derives statutory income until the year of assessment 2026.

B. Stamp duty exemption of 50% on instruments of transfer of land or lease of land or building by MWC Developer in the MWC executed from 1 January 2013 until 31 December 2023

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