To access benefits each applicant must submit completed forms, along with required documents, eg. approved plans. Applications will be considered based on their ability to facilitate:
Job creation
Enhance visual city scape
Regenerate or restore housing accommodation
Enhance the business environment
Improve architectural façade, sidewalk, and create parking spaces
Conform or complement existing structure
All applications will be processed in the PEU.
Revocation of incentives
There will be a penalty for breaches of any conditions of the application process for incentives. This will include immediate revocation of any incentives granted. The approved developer or approved organization may, however, be given the opportunity to explain the circumstances, by the Minister of Finance.
Monitoring
The programme is monitored by the Income Tax Department, Tax Administration Services Dept., Securities Commission, KSAC, and the local authority for each parish, as new areas are designated.
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