Licensing & Incentive Compliance and Monitoring Section
Our Functions
- Evaluate post incentive applications under the Promotion of Investments Act, 1986 (PIA 1986) and Income Tax Act 1967 (Pre-package Incentives) such as the issuance of Pioneer Certificate and determination of effective date & compliance to the conditions of the Investment Tax Allowance
- Evaluate post-licensing applications under the Industrial Coordination Act, 1975, (ICA 1975) such as issuance of manufacturing licence certificates, approval on the transfer of shares, changes in Board of Directors and, relaxation and waiver of equity conditions
- Organise workshops with industry associations and companies to guide on the mechanisms to claim for tax incentives purposes
- Provide dedicated assistance to investors
