NO. 37/2015                                                DATE: April 20, 2015

INVITATION FOR STANDING UNDER THE MANUFACTURERS’ SUPPORT PROGRAMME

ST. GEORGE’S, GRENADA, Monday, April 20, 2015:  The Inland Revenue Division of the Ministry of Finance and Energy wishes to advise Manufacturers that it is now accepting applications for Eligibility/Standing under the Manufacturers’ Support Programme for 2015. 

Applicants are required to address all applications to the Comptroller, Inland Revenue Division, with the following content:

·        Number of persons currently employed;

·        Value of export sales for the period January-December 2014;

·        Value of sales excluding export sales for the period January-December 2014; and

·        Level of Investment in 2014.

Please note that the due date for submission is May 15, 2015.

Under the Manufacturers’ Support Programme, Government has a tax expenditure allocation (concessions) of up to $2.5M to support manufacturers through which certain inland taxes paid by manufacturers can be reduced.