Income-tax exemption for ECIIP investments secures non-repatriation and promotes reinvestment under partner-financial-institution agreements.

Domestic tax law was amended to grant an income-tax exemption for income derived in the country by the European Community by way of interest, dividends or capital gains from investments made under the ECIIP Scheme; the exemption applies from the stated effective date and covers incomes arising on or after an earlier specified date, aligning tax treatment with the Community's non-repatriation and reinvestment intention and facilitating deliveries of assistance through partner financial institutions under memoranda of understanding.

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