Export Tax Credit

Why an Export Tax Relief?

The Governments offer many incentives to investors with a view to stimulating industrial growth, development and export.

The incentives offered are normally in line with the governments’ economic philosophy, and are revised regularly to accommodate new areas of emphasis (so it’s difficult to have a complete view of the mechanism). Companies that export offshore to other countries clients ought to consider an Export Tax Credit (ETC).

For example the export tax regime in the U.S. gives exporters the ability to defer dollars of income per year almost entirely tax-free.

What is an Export Tax Credit?

As a threshold, to qualify the exporter must have export property, produced or manufactured in the country that is sold primarily to offshore customers. Setting-up an ETC claim is designed to be very simple.

The result will be a direct reduction of the tax liability in proportion to Export eligible costs.