English version

tax holiday

From Longman Business Dictionarytax holidayˈtax ˌholiday [countable]TAX a period of time during which a company does not have to pay tax on all or part of their profits, for example when they first open a new factory. Governments often offer tax holidays to encourage new business in an area or countryThe Hungarian government gave GM Hungary a 10-year tax holiday. holiday
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