Table of Contents (Display details)

• Pioneer Industries 
• 1 Short title
• PART I Preliminary
  • 2 Interpretation
• PART II Acquisition and Loss of Pioneer Status
  • 3 Notice of intention to declare pioneer industries and pioneer products
  • 4 Applications by persons desirous of being granted the status of a pioneer manufacturer of a pioneer product
  • 5 Notice of intention to declare companies to be pioneer manufacturers of pioneer products
  • 6 Notice of objections
  • 7 Power of the Minister by order to declare pioneer industries and pioneer products
  • 8 Power of the Minister by order to declare companies to be pioneer manufacturers of pioneer products
  • 9 Effect of orders declaring pioneer industries, pioneer products and pioneer manufacturers
  • 10 Power of the Minister to amend an order declaring a company to be a pioneer manufacturer so as to vary the situation of its factory premises or the construction or production days
  • 11 Power of the Minister to revoke orders under section 7
  • 12 Provisions relating to revocation of orders under section 8
• PART III Provisions relating to Income Tax
  • 13 Alternative income tax benefits
  • 14 Seven year tax holiday with notional depreciation of machinery and plant
  • 15 Four year tax holiday followed by a gradual transition to full liability for income tax
  • 16 Restriction on setting off losses
  • 17 Initial allowances under the Income Tax Act not to be granted in respect of certain machinery or plant
  • 18 Income tax provisions relating to pioneer manufacturers not entitled to the option created by section 13
  • 19 Maintenance of separate account for income tax free profits and gains and payment therefrom of certain dividends free of income tax
  • 20 Exemption from income tax on interest paid on certain debenture stock
  • 21 Application of Income Tax Act
• PART IV 
  • 22 Repealed by 1977—35....
  • 23 Repealed by 1977—35....
  • 24 Repealed by 1977—35....
  • 25 Repealed by 1977—35....
• PART V Provisions relating to Customs Duty
  • 26 Relief from customs duty
  • 27 Refund of customs duty on certain imported articles
  • 28 Payment to pioneer manufacturers of customs duty on articles purchased within the Island
  • 29 Special provisions relating to articles relieved of customs duty or in respect of which customs duty was refunded or paid to a pioneer manufacturer
  • 30 Restriction on disposition of articles relieved of customs duty or in respect of which customs duty was refunded or paid to a pioneer manufacturer
  • 31 Payment of customs duty in certain cases
  • 32 Restriction on use of certain factories and equipment
• PART VI Miscellaneous
  • 33 Relief from company registration fees
  • 34 Duties of Commissioner
  • 35 Regulations