Budget for 2007/08 – details

The Budget for 2007/08 was presented to the parliament by the Minister of Finance and Economic Development on 15 June 2007. Details of the Budget, which unless otherwise indicated will apply from 1 July 2007, are summarized below.

Direct taxation

Corporate taxation. The changes include:

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the progressive reduction of the corporate tax rate announced in the budget for 2006/07 will be accelera…