The SAIT Business Tax Incentives and Grants Technical Work Group submission provides detailed feedback on the 2025 Draft Taxation Laws Amendment Bill, focusing on proposed changes to business-related tax incentives. The group supports the extension of the Urban Development Zone (UDZ) and Section 12L energy efficiency incentives, and welcomes the clarification of Section 12V for electric and hydrogen vehicle manufacturers, though it recommends future inclusion of component manufacturers. It also notes a minor technical correction to Section 11D and supports updates to the Eleventh Schedule regarding Global Business Services grants, while requesting further clarity on other excluded programmes. The submission emphasizes the need for broader stakeholder engagement and clearer guidelines to enhance the effectiveness and accessibility of these incentives.
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