The objective of this scheme is to encourage undertakings to invest in their business, innovate, expand, and implement compliance directives or to develop their operations. Such undertakings which may include self-employed persons and will be supported through a tax credit representing a percentage of the eligible expenditure including wages of newly recruited employees.
Applicants are required to hold all the documentation related to their application in a separate file. This file shall be made available to the Corporation or its appointed auditor on request. The beneficiary will keep the records for ten (10) years from the issuing of the IEC.
The next deadline for submission of applications for investment carried out in 2016 is:
For self-employed: 15th December 2017
For Limited Companies: 15th December 2017