Could be 8 years if the project is a "special circumstance" ... and I believe we definitely qualify for being in an "underdeveloped region". Friggin desert!

I guess it all depnds on how much is exported though ...

------------------------------------------------------------------------

Areas and Periods of Tax Exemption

Conditions
for Profit Tax Eligibility

Profit tax exemption

Profit Tax exemption for investments made in underdeveloped regions

An investor engaged
in a new manufacturing or agro-industry activity:

If he exports at least 50% of its products

5 years

6 years

If he supplies at least 75% of its products, to an investor, as an input for the production of export items

5

6

If it exports less than 50% of its products

2

3

If the project is evaluated under a special circumstance by the BOI

up to 7

up to 8

If the production is for the local market

2

3

If the production mentioned above in (c) is considered by the BOI to be a special one

5

6

Expansion or upgrading of the above projects:

If the expansion or upgrading increases the existing production by 25% , in value and 50% of the production is to be exported

2

3