S.L. 123.83 ст. 3Tax credit in respect of allowable expenditure.

(1) When a company engaged in a trade, business, profession or vocation incurs allowable expenditure in carrying out an approved project and satisfies the employment condition and the other relevant conditions laid down in these rules, it shall be entitled to a tax credit in accordance with and subject to the provisions of these rules.

(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 Act.