News:Recently, the Government has reduced the corporate tax rates in order to encourage manufacturing and boost private investment. Facts: What has the government done? The central government has slashed corporate tax rates for domestic firms from 30% to 22% and for new manufacturing companies from 25% to 15% to boost economic growth. The new effective… Continue reading Explained: How to read corporate tax cut
Tag: Corporate tax rate
Explained: How the latest corporate tax rate cut impacts the economy
News:Finance Minister has announced to reduce the corporate tax rates in order to encourage manufacturing and boost private investment. Facts: About the tax rate cut:The government has taken the following decisions: Why the corporate tax rate cut? The corporate tax rate was reduced as the two other factors of the economy namely government expenditure (where… Continue reading Explained: How the latest corporate tax rate cut impacts the economy
