LOCAL TAX EXEMPTION The local tax exemption scheme is a New Caledonian investment tax incentive law in force until 2025. Eligible investments: The eligible sectors are: agriculture, green and blue economy (fishing, aquaculture, livestock, forestry, coffee growing, dairy production, etc.), processing industry (food processing, waste recovery, etc.), tourism (hotels, residences, activities, etc.), research and development, construction and public works, retirement homes and nurseries, renewable energies, etc. Tax benefits: For projects exceeding XPF 50 million (€420,000), this advantage is about 31.50% to 42%. For more information, click here DOUBLE TAX EXEMPTION Provided that projects are eligible for both schemes, it is possible to combine national and local tax exemption for the same project. Eligible investments: Almost all sectors eligible for local tax exemption are eligible for double tax exemption. Tax benefits: Depending on the sector, combining the two schemes can result in a tax advantage of between 50% and 60% of the eligible cost of the project. Key figures # LODEOM 2018 = 24bn XPF / €200M # On average, 93% of applications are approved # Strategic projects: Gondwana submarine cable, construction of the Sheraton Hotel in Deva, KNS metallurgical plant... 5 - INVESTMENT FINANCING SCHEMES 51
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