Major Codes1 min read
Article 52Incentive Scheme
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An additional deduction from taxable income of one-half (1/2) of the value of labor training expenses incurred for development programs shall be granted to the person or enterprise concerned provided that such development programs, other than apprenticeship, are approved by the Council and the deduction does not exceed ten percent (10%) of the direct labor wage. There shall be a review of the said scheme two years after its implementation.
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