A foreign investor with $10m (about Shs37b) and a local investor holding $1b (about Shs3.7 trillion) in an industrial park who uses at least 50 per cent of local raw materials and employs at least 100 citizens, will enjoy tax exemption for 10 years for both income tax and VAT, Daily Monitor has learnt.
Similar benefits will be enjoyed by investors who process agricultural goods and those manufacturing or assembling medical appliances, medical sundries or pharmaceuticals, building materials, automobile and household appliances.
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