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Table 7. SME Survey Response to the Questionnaire: Special Tax Incentives
Country
10. Are there any special tax incentives specifically for SMEs (for
example reduced VAT rates, or allowances and tax credits targeted at
small and medium - sized businesses?
19. Are there any tax advantages available only for large firms or
large investments (perhaps in particular regions)? If yes, please
describe.
Albania
No, however, businesses that exert activities in the production field for the
first time benefit from the non-payment of the profit tax for a six months
period.
No
Algeria No Tax advantages are granted regardless of the size of the businesses.
The criteria applied are the type of activity and where the business is
located. The ANDI arrangement provides a specific system for certain
large investments. The ANSEJ arrangement provides an investment
threshold of DA 10,000,000.
Argentina
Yes, there is a VAT reduced rate of 10.5% for publicity services supplied
by SMEs
No
Benin No With respect to investments, a business that acquires capital goods
amounting to more than CFAF 40 million may benefit from a refund of
VAT credit.
Bolivia No No
Brazil
No, the only incentives are the presumptive regimes themselves
(SIMPLES and Lucro Presumido).
No
Chile No No
China
China does not yet have special value-added tax preferences for small and
medium-sized enterprises.
The tax laws currently in force in China have no tax benefits targeting
large enterprise or large scale investments.
Colombia No No
Kenya No The only tax advantage relates to set-off of import duty for investment
in a project costing more than USD 70,000. However, prior approval
must be given by the Minister.
Peru No No
Trinidad and Tobago No Yes
Vietnam No All enterprises in general (regardless of sizes) receive CIT incentives if
they have projects invested in preferred sectors, investment in difficult
or especially difficult areas
Source: Countries authorities.