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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
