Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

Region/ Country Utilized

Incentive

Description

A corporate tax is a tax on the profits of a corporation. The taxes are paid on a company’s taxable income, which includes revenue minus cost of goods sold (COGS), general and administrative (G&A) expenses, selling and marketing, research and development, depreciation, and other operating costs. Investment allowances permit businesses to deduct a specified percentage of certain capital costs from their taxable income. These incentives target particular sectors which government deem as emerging or high priority. They are used to attract new interest and improve the development and expansion of the sector. Export/ Import incentives are regulatory, legal, monetary, or tax programs that are designed to encourage businesses to export/ import certain types of goods or services VAT exemption refers to either goods and services that are not subject to VAT or to organizations that cannot register for VAT. With VAT reduction, these goods or services are offered a significantly lower rate on the amount of VAT to be paid. A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country. The SEZ economic regulations tend to be conducive to—and attract—foreign direct investment (FDI). An investor program that allows individuals to obtain residence or citizenship of a country in return for making qualifying investments.

Caribbean

Reduced corporate income tax

Investment Allowances/ Tax Credit

Caribbean

Caribbean

Sectoral Incentives

Caribbean

Export/ Import Incentives

Caribbean

VAT exemption or Reduction

Utilized extensively in some countries, like Jamaica and the Dominican Republic St. Kitts & Nevis, St. Lucia, Dominica, Grenada, Antigua and Barbuda

Special Economic Zones (SEZ)

Citizen By Investment

Investment Framework in Select CARIFORUM Countries

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