• Details
  • Service: Tax
    Type: Business and industry issue
    Date: 11/7/2011

    Budget Highlights 2012 

    The 2012 Budget confirmed the government’s pro-business stance and its commitment to social justice.
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    Several budgetary measures have been announced, namely: the continued access to low cost housing for the lower income groups; the removal of taxes on dividends; interest and capital gains; the abolition of municipal tenant’s tax; easier access to SME financing at favourable interest rates; and various economic incentives such as favourable VAT related measures or the creation of low rental clusters dedicated to micro enterprises.