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Legal Criteria for Small Project Gains
The Medium, Small, and Micro Enterprises Development Law prohibits enterprises from benefiting from capital gains exemptions unless certain conditions are met. It requires maintaining proper accounting records, utilizing the necessary assets for the activity, and reinvesting the proceeds from the sale within one year to acquire new assets or production machinery. Capital gains are partially exempted based on the value of the assets repurchased. If these conditions are not fulfilled, the gain is subject to income tax. The law aims to encourage reinvestment of assets and the expansion of enterprises while ensuring legal compliance.
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