is tax holiday is important for new companies



1
is tax holiday is important for new companies

2 Answer(s)


1

Yes.Generally Tax Holidays are given by Government for stimulating growth in a particular area or for a particular industry.Also Tax Holidays could be given to attract FDI in a particular sector/industry.

1

A tax holiday is a temporary reduction or elimination of a tax to achieve a short term benefit.
Yes, tax holiday is important for new companies as its like an incentive for them and tax holidays stimulate their growth.