BOI Incentives
1.11.8 Manufacture or preservation of ready-to-eat or semi-ready-to-eat
food is classified as a priority activity of special importance and
benefits to the country.
Conditions:
– Products must use modern technology, production process, tools
and equipment and inspection (current or innovative technology)*.
Rights and benefits:
– Exemption of import duty on machinery for all zones.
– Eight-year corporate income tax exemption for all zones with no
cap.
– Other relevant location-based incentives.