Textile
Production Incentive ProgrammeThe Production Incentive Programme (PIP) is a cash based tax free incentive grant available to those companies engaged in:
The grant provides for an incentive grant calculated at 7.5% of the qualifying company’s Manufacturing Value Addition (MVA). The incentive benefit may be applied to new and second hand machinery and equipment, skills development, manufacturing process and product improvements including settling outstanding loans used to fund qualifying expenditure. Applicant companies are required to be registered with the textile bargaining council.
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