CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. IMI Granted Serbian Tax Holiday

IMI Granted Serbian Tax Holiday

by Ulrika Lomas, Tax-News.com, Brussels

31 March 2017


Integrated Micro-Electronics Inc (IMI), a global provider of electronics manufacturing services, has confirmed that it has been granted a tax holiday by the Serbian authorities.

In an announcement to the Philippine Stock Exchange on March 27, IMI said that it has been awarded financial support by the Council for Economic Development of Serbia in form of tax incentives to help finance the construction and operation of a new production facility.

The plant will manufacture electronic goods in the Serbian city of Nis, and according to the statement, the agreement stipulates that the period of investment will be from 2017 to 2026.

IMI Chief Finance Officer Jerome S. Tan told Filipino business newspaper Business World that the incentives consist of a ten-year tax holiday, starting in the new plant's first profitable year, subject to attaining investment and revenue targets.

TAGS: Finance | tax | investment | business | tax incentives | Serbia | manufacturing | construction | services

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »