a period during which tax concessions are made for some reason; examples include an export incentive or an incentive to start a new business given by some governments, in which a company is excused all or part of its tax liability
tax holiday in Finance
(tæks hɒlɪdeɪ)
Word forms: (regular plural) tax holidays
noun
(Finance: Tax)
A tax holiday is a period during which a person or company is allowed to pay no tax or less tax than usual.
There is a five-year tax holiday for new power plants.
A five-year tax holiday for new power plants brought in a $1 billion project by foreign investors.
A tax holiday is a period during which a person or company is allowed to pay no tax or less taxthan usual.
Examples of 'tax holiday' in a sentence
tax holiday
Tax holidays for new businesses can encourage investment.
Times, Sunday Times (2011)
It needs external investment, so the new government offers tax holidays for rights to the same mine.