Maluti-A-Phofung Special Economic Zone

CORPORATE INCOME TAX

Reduction in corporate income tax from 28% to 15%

Businesses Prescribed in Section 24(4) of the SEZ Act, located in a Special Economic Zone

BUILDING ALLOWANCE

This incentive is subject to requirements contained in the income Tax Act

Businesses and Operators prescribed in Section 1 of the SEZ Act , operating within a Special Economic Zone will qualify for accelerated building allowance from 2% to 10%

12L TAX ALLOWANCE

Support for capital investment and training

Greenfield investments and businesses using new and unused manufacturing assets

EMPLOYMENT TAX INCENTIVE

This tax allowance is also available to businesses outside the SEZ

Businesses operating within an SEZ are eligible to employee tax reduction subject to compliance Employment Tax Incentive Act 26 of 2013

CUSTOMS CONTROL AREA

This incentive allows for tax and VAT relief for investors importing and exporting goods in and out of the Zone

Businesses and Operators located within a customs controlled area of a Special Economic Zone will be eligible for vat and tax relief