Incentive for Industrialised Building System (IBS)
Basic components/ products and systems
Columns, beams, slabs, wall, roof trusses, precast concrete system, formwork system, steel framing system, blockwork system, timber framing system, innovative system. Companies undertaking activities in the manufacturing of Industrialised Building System (IBS) are eligible for:
i. Income tax exemption between 70% – 100% of the statutory income for a period of five years. ;
ii. Income tax exemption equivalent to Investment Tax Allowance of 60% on the qualifying capital expenditure incurred within five years from the date the first qualifying capital expenditure is incurred. This allowance can be offset against 70% – 100% of the statutory income for each year of assessment.
Applications should be submitted to MIDA