Based on an exhaustive list of companies benefitting from the investment code and their tax advantages, terminate the benefits of companies whose eligibility periods have expired, and adopt a revised investment code (MEFP ¶ 27).
Introduced at R0. Rationale: Reduce tax expenditures and improve the business environment. At R1, Not completed; on the basis of technical assistance recommendations of the IFC and FAD, the authorities have broadened the objective of the revision of the Investment Code, requiring additional technical assistance. The Investment Code will be revised by end-March 2013, once the new investment policy has been finalized with assistance from the IFC. The government prepared a list of companies that benefit from the Investment Code and their tax advantages. It will terminate the benefits of companies that do not comply with the contractual obligations under the code by end-December 2012.