Fiscal Incentives (Amendment) Act (No. 41 of 2023).
Country
Type of law
Legislation
Abstract
This Act makes amendments in the principal Act. Sub-sections (2) and (3) of Section 18 of the principal Act are repealed and new sub-section (2) is inserted as a replacement. New sub-section lays down indicators and criteria for MSME and defines as a micro, small or medium enterprise that meets two out of three of the criteria in the row of the related indicator listed below. This Act amends Section 20 regarding the fiscal incentives for MSMEs which are not registered prior to the Act but registered on or before 31 October 2024.
Attached files
Web site
Long title of text
An Act to amend the Fiscal Incentives Act, Act No. 4 of 2023; to replace the definition of MSME; and to provide for matters connected therewith or incidental thereto.
Date of text
Repealed
No
Serial Imprint
Published in the Official Gazette on 11 November 2023.
Source language
English
Legislation Amendment
No