Interpretation

In this Act, unless the context otherwise requires“approved enterprise” means an enterprise or undertaking in respect of which an approved enterprise order has been made under this Act; “approved enterprise order” means an order made under section 4 or section 19t, including any amendment thereto made from time to time; “approved product” means a product approved by the Minister for production or manufacture by an approved enterprise; “approved service” means a service approved by the Minister provided by an approved enterprise; “approved small or medium enterprises” means an enterprise approved by the Minister pursuant to section 19; 6 “company” means a company formed and registered under the Companies Act; CAP. 250. “Comptroller” means the Comptroller of Customs; “date of production” means the date specified in the approved enterprise order by which the enterprise shall have commenced “duty exemption period” means the period during which an enterprise enjoys the relief granted under section 7; “Executive Chairperson of BELTRAIDE” means the Executive Chairperson of the Belize Trade and Development Investment Service appointed pursuant to section 7 of the Belize Trade and Development Investment Service Act; CAP. 282. “income tax” means any tax on income or profits; “industry” means a manufacturing or processing industry and includes agriculture, aquaculture, forestry and fisheries; Schedule I. “Member State” means a State listed in Schedule I; “Minister” means the Minister responsible for Investment; “national” means a citizen of any Member State and includes a person who by virtue of some law of a Member State relating to immigration is deemed to belong to that State; “rule of origin” means the criteria as defined in Article 14 and Schedule II of the Annex to the Treaty of Chaguaramas establishing the Caribbean Community and any amendments made thereto from time to time; “small or medium enterprise” means an enterprise, whether a natural or a legal person or an unincorporated entity or association, which satisfies the requirements set out in section 18; 7 “tax holiday period” means the period during which an enterprise enjoys the relief granted under section 6 of this Act.