S.L. 478.2 чл. 3Tax credit in respect of qualifying expenditure. Cap. 123.

(1) When a qualifying company incurs allowable expenditure in carrying out an approved project and where the employment condition referred to in regulation 12 and the other relevant conditions laid down in these regulations are satisfied, it shall be entitled to a tax credit in accordance with and subject to the provisions of these regulations.

(2) The said tax credit shall be in addition to and without prejudice to the right of that company to a deduction, if any, that may be allowable in respect of the said expenditure in accordance with the provisions of article 14 of the Income Tax Act.