1. Trades Tax Concessions

Agricultural Investments	Capital Equipment	Consumables and Raw Materials	Bait*	Minor Operating Equipment and Inputs	Commercial Motor Vehicles	Protective and Safety Equipment
Agriculture	0%	No Concessions	No Concessions	5%	50% of applicable	0%
Agriculture - Group A	0%	No Concessions	No Concessions	0%	50% of applicable	0%
Agriculture - Group B	0%	No Concessions	No Concessions	N/A	5%	50% of applicable

• No concession on bait for fish processor and investment in aquaculture

2. GST (Goods and Services Tax) Concessions

Agricultural Investments	Capital Equipment	Consumables and Raw Materials	Bait*	Minor Operating Equipment and Inputs	Commercial Motor Vehicles	Protective and Safety Equipment
Agriculture	0%	No Concessions	No Concessions	Concessionary	Concessionary	0%
Agriculture - Group A	0%	No Concessions	No Concessions	Concessionary	Concessionary	0%
Agriculture - Group B	0%	No Concessions	No Concessions	Concessionary	Concessionary	0%

• No concession on bait for fish processor and investment in aquaculture

3. Business Tax Concessions

Rates of Business Tax payable expressed as a percentage of taxable income as defined under the Business Tax Act, 1987, 2007 except where otherwise specified.

Agricultural Investments	Rates (%)
Farmer	0%
Farming entity	15% in excess of RS 240,000
Agricultural Processor	15% in excess of RS 240,000
Agricultural Exporter Group A	10% in excess of RS 240,000
Agricultural Exporter Group B	15% in excess of RS 240,000
Aquaculture	15% in excess of RS 240,000

4. Social Security Concessions

Agricultural Investments	Monthly Employer’s Social Security Contribution	Monthly Employee’s Social Security Contribution
Farmer	0%	0%
Farming entity	SR 100	N/A
Agricultural Processor	Maximum 20%	N/A
Agricultural Exporter Group A	0%	5%
Agricultural Exporter Group B	Maximum 20%	5%
Aquaculture	Maximum 20%	5%

5. Gainful Occupation Permit (GOP) Concessions

Agricultural Investments (GOP fee of SR500 per person per month)	M.A.F.E
Farmer	25% of total workforce
Farming entity	25% of total workforce
Agricultural Processor	25% of total workforce
Agricultural Exporter Group A	25% of total workforce
Agricultural Exporter Group B	25% of total workforce
Aquaculture	25% of total workforce

6. Accelerated Depreciation

Rates of Depreciation allowable on Capital Investment, other than land and building, will be at the following rates:

Agricultural Investments	Rate (%)
Year 1	45
Year 2	40
Year 3	20
Year 4	15
Year 5	5

7. Marketing and Promotion

Allowable deduction from taxable income shall be 200% of actual or qualifying expenditure for all of the sectors. The amount qualifying for the deduction shall be 5% of turnover or the actual expenditure incurred in respect of Marketing and Promotion expenses whichever is lower.