BOI Act definition

BOI Act means the Board of Investment of Sri Lanka, Law No 4 of 1978, as amended;
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BOI Act means the Board of Investment of Sri Lanka, Law No 4 of 1978, as amended; "BOI Status" means the tax incentives and concessions applicable to a company under the BOI Act; “Beneficiaries” means the Project Company, and any Person to whom the Project Company has delegated its obligations or sub-contracted in accordance with the Power Purchase Agreement and / or the Contract for the Development of the Transmission Facility, as the case may be; "Business Day" means any day other than a Saturday, Sunday, public holiday or bank holiday in Sri Lanka; "Buy-Out" means the purchase of the Wind Farm Facility by the CEB upon the occurrence of a Buy-Out Event;
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Examples of BOI Act in a sentence

  • Incentives include mostly tax holidays, concessionary income tax rates, and import duty exemptions, granted under the BOI Act or the Inland Revenue Act (Chapter III and Tables AIII.6 and AIII.7).

  • The authorities indicate that amendments to the BOI Act, aimed at harmonizing and rationalizing the investment incentives regime, are currently being considered.

  • Investments in export-oriented services industries benefit from tax incentives under the BOI Act, subject to minimum investment levels and performance requirements.101 Export-oriented services industries with an investment of at least US$500,000, and exporting at least 70% of their output receive a five-year tax holiday and a concessionary income tax rate of 10% for two years following the tax holiday, and 15% thereafter (Table AIII.6).

  • Investments under the BOI Act are mostly targeted at non-traditional export industries and contingent upon export performance in some sectors, including electronics, ceramics, rubber, and automobile products.

  • BOI incentives under Section 17 of the BOI Act - special incentives outside identified laws of the country, available to enterprises approved by the BOI.

  • Firms that do not qualify for concessions under Section 17 of the BOI Act may seek incentives available under the normal laws of the country.

  • As a second tranche release action, the FMRP required the amendment of the BOI Act to ensure that all exemptions and other tax holidays were consistent with the tax code.

  • The two main investment incentive regimes are under the Board of Investment (BOI) Act, and under the Inland Revenue Act.

  • The remittance of management fees, royalties and licensing fees is also permitted for companies with majority foreign investment approved under Section 17 of the BOI Act.

  • Any procedural irregularity or lapse in the processes of the SIFC shall not have the power to affect, vitiate, set-aside, annul, or rescind any transaction, arrangement, or agreement and the validity of these commercial actions shall remain intact despite procedural lapses.Overriding effectProvisions of the SIFC shall take precedence over any contrary provisions in other laws or legal instruments, regardless of whether those laws were enacted before or after the commencement of the BOI Act.

Related to BOI Act

  • FOI Act means the Freedom of Information Xxx 0000 and any subordinate legislation made under this Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation;

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • FDI Act means the Federal Deposit Insurance Act and the regulations promulgated thereunder.

  • 2012 Act means the Health and Social Care Act 2012;

  • the 1998 Act means the Social Security Act 1998;

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • the 1992 Act means the Local Government Finance Act 1992;

  • the 1988 Act means the Local Government Finance Act 1988.

  • the 1991 Act means the Water Industry Act 1991(a);

  • Air Act, as used in this clause, means the Clean Air Act (42 U.S.C. 7401 et seq.).

  • OHS Act means the Occupational Health and Safety Act 2004;

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • S.A.F.E. Act means the secure and fair enforcement for mortgage licensing act of 2008, Title V of the housing and economic recovery act of 2008 ("HERA"), P.L. 110-289, effective July 30, 2008.

  • FAIS Act means the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002);

  • WHS Act means the Work Health and Safety (National Uniform Legislation) Act 2011 (NT) and includes subordinate legislation made under that Act including regulations and approved codes of practice as well as any amendment, re-enactment or replacement of such Act ; and

  • 1990 Act means the Companies Act 1990.

  • the 1997 Act means the Town and Country Planning (Scotland) Act 1997 (c. 8);

  • the 2002 Act means the Nationality, Immigration and Asylum Act 2002;

  • the 1996 Act means the Education Act 1996;

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.

  • the 1989 Act means the Local Government and Housing Act 1989;

  • FMC Act means the Financial Markets Conduct Act 2013.

  • the 1972 Act means the Local Government Act 1972.

  • 2000 Act means the Regulation of Investigatory Powers Act 2000;