→Tax incentives available to SEZ Units other than IFSC units[1]
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=== Tax incentives available to SEZ Units other than IFSC units === | === Tax incentives available to SEZ Units other than IFSC units<ref>{{Cite web |title=Fiscal Incentives {{!}} Tax Incentives for IFSC Unit {{!}} GIFT CITY |url=https://www.giftgujarat.in/tax-benifits |access-date=2022-12-05 |website=www.giftgujarat.in}}</ref> === | ||
* Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units | * Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units | ||
* Exemption from customs duty for all goods imported in the SEZ used for authorized operations | * Exemption from customs duty for all goods imported in the SEZ used for authorized operations | ||
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<nowiki>*</nowiki>The above incentives provided by the Government of Gujrat are applicable to IFSC and GIFT SEZ Units. | <nowiki>*</nowiki>The above incentives provided by the Government of Gujrat are applicable to IFSC and GIFT SEZ Units. | ||
===Tax Benefits for Companies<ref>{{Cite news |last=Karthikeyan |first=Suchitra |date=2022-08-29 |title=GIFT City explained: History & tax incentives of India’s first ‘Smart City’ |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/gift-city-explained-history-tax-incentives-of-indias-first-smart-city/article65736969.ece |access-date=2022-12-05 |issn=0971-751X}}</ref>=== | ===Tax Benefits for Companies<ref>{{Cite news |last=Karthikeyan |first=Suchitra |date=2022-08-29 |title=GIFT City explained: History & tax incentives of India’s first ‘Smart City’ |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/gift-city-explained-history-tax-incentives-of-indias-first-smart-city/article65736969.ece |access-date=2022-12-05 |issn=0971-751X}}</ref>=== | ||
To attract foreign and domestic investment in GIFT, the city’s international financial services centre (IFSC) was declared a multi-service Special Economic Zone (SEZ) in 2015 and the Union Budget 2016-17 provided it with a competitive tax regime. Here are the tax benefits for companies falling under IFSC: | To attract foreign and domestic investment in GIFT, the city’s international financial services centre (IFSC) was declared a multi-service Special Economic Zone (SEZ) in 2015 and the Union Budget 2016-17 provided it with a competitive tax regime. Here are the tax benefits for companies falling under IFSC: | ||