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Economic Empowerment Zones Act No. 28 of 2018.

Pays/Territoire
Bahamas
Type du document
Législation
Date
2018
Source
FAO, FAOLEX
Source d'origine
Extraordinary Official Gazette, 5 October 2018.
Titre complet
An Act to promote the redevelopment of communities of The Bahamas through the granting of certain exemptions and fiscal incentives for the renovation and restoration of property and the encouragement of businesses in a designated economic empowerment zone and for matters connected thereto.
Sujet
Terre et sols, Général
Mot clé
Commerce/industrie/sociétés Concession Collecte de données/déclarations Inspection Commerce intérieur Petits exploitants/paysans Subvention/incitation Taxe/impôt Gestion communautaire Régime foncier Propriété Terres privées
Aire géographique
Amériques, Caraïbes, Amérique latine et Caraïbes, Atlantique Nord, Petits états insulaires en développement
Entry into force notes
This Act shall come into force on such date as the Minister by nıtice appoint and shall expire on 1 July 2023.
Résumé

This Act lays down provisions for designating community areas as economic empowerment zones and encouraging the economic and social empowerment of residents in the zone, for granting certain exemptions and fiscal incentives to persons engaging in economic activities in the designated zones, for promoting the construction, renovation and restoration of property and structures in a designated zone, and for encouraging the principles of corporate social responsibility. This Act sets out application procedures for concessions to the property owners and to businesses, inspection and record keeping requirements of all businesses within the zone approved for concessions, duty of businesses to promote corporate social responsibility, and offences and penalties.

Texte intégral
Anglais
Site web
laws.bahamas.gov.bs