1. Trades Tax Concessions

Marine Resources Investments	Capital Equipment	Consumables and Raw Materials	Bait*	Minor Operating Equipment and Inputs	Commercial Motor Vehicles	Protective and Safety Equipment
Fisheries	0%	0%	0%	5%	50% of applicable	0%
Export Oriented Units Fisheries - Group A	0%	0%	0%	0%	50% of applicable	0%
Export Oriented Units Fisheries - Group B	0%	0%	0%	5%	50% of applicable	0%

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

2. GST Concessions

Marine Resources Investments	Capital Equipment	Consumables and Raw Materials	Bait*	Minor Operating Equipment and Inputs	Commercial Motor Vehicles	Protective and Safety Equipment
Fisheries	0%	Concessionary	0%	Concessionary	Concessionary	0%
Export Oriented Units Fisheries - Group A	0%	0%	0%	Concessionary	Concessionary	0%
Export Oriented Units Fisheries - Group B	0%	Concessionary	0%	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, 2004 except where otherwise specified.

Marine Resources Investments	Rates (%)
Fisherman	0%
Fisheries entity	15% in excess of RS 240,000
Boat owner	15% in excess of RS 240,000
Fisheries Processor	15% in excess of RS 240,000
Investment in aquaculture	15% in excess of RS 240,000
Fisheries Exporter Group A	10% in excess of RS 240,000
Fisheries Exporter Group B	15% in excess of RS 240,000

4. Social Security Concessions

Marine Resources Investments	Monthly Employer’s Social Security Contribution	Monthly Employee’s Social Security Contribution
Fisherman	0%	0%
Fisheries entity	SR100	N/A
Boat owner	SR100	N/A
Fisheries Processor	Maximum 20%	5%
Investment in aquaculture	Maximum 20%	5%
Fisheries Exporter Group A	0%	5%
Fisheries Exporter Group B	Maximum 20	5%

5. Gainful Occupation Permit (GOP) Concessions

Marine Resources Investments (GOP fee of SR500 per person per month)	Rates (%)
Fisherman	N/A
Fisheries entity	M.A.F.E=25% of total workforce
Boat owner - With initial investment of R300,000 or less	N/A
Boat owner - With initial investment of more than 300,000	M.A.F.E=25% of total workforce
Fisheries Processor	M.A.F.E=25% of total workforce
Investment in aquaculture	M.A.F.E=25% of total workforce
Fisheries Exporter Group A	M.A.F.E=25% of total workforce
Fisheries Exporter Group B	M.A.F.E=25% of total workforce

6. Fuel Concessions

Marine Resources Investments	Rates (%)
Boat owner (excluding Long Liners)	1.Boat using 0-4,000 liters of fuel (benzene and diesel) per annum entitled to S.F.A concession plus 0.30 cents rebate 2. Boat using above 4,000 liters of fuel (benzene and diesel) per annum entitled to S.F.A concession plus 0.60 cents rebate
Boat Owner (long liners) and fishing entity	1.Boat using 0-4,000 liters of diesel per annum entitled to 0% trades tax plus 0.30 cents rebate 2.Boat using above 4,000 liters of diesel per annum entitled to 0% trades tax plus 0.60 cents rebate
Fisheries Exporter Group A	1. Consumption of 0-4,000 liters of diesel per annum entitled to 0% trades tax plus the 0.30 cents rebate 2. Consumption above 4,000 liters of diesel per annum entitled to 0% trades tax plus the 0.60 cents rebate
Fisheries Exporter Group B	1. Consumption of 0-4,000 liters of diesel per annum entitled to 0% trades tax plus the 0.30 cents rebate 2. Consumption above 4,000 liters of diesel per annum entitled to 0% trades tax plus the 0.60 cents rebate
Fisheries Processor and investment in aquaculture	1. Consumption of 0-4,000 liters of diesel per annum entitled to 0% trades tax plus 0.60 cents rebate 2. Consumption above 4,000 liters of diesel per annum entitled to 0% trades tax plus 0.60 cents rebate

7. Accelerated Depreciations

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

Marine Resource Investment	Rate (%)
Year 1	45
Year 2	40
Year 3	20
Year 4	15
Year 5	5

8. 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.