MSMEs STAND TO BENEFIT FROM FORMALIZATION
2020, April 7: Micro, Small and Medium Enterprises (MSMEs) are being urged to become formalized to benefit from government assistance, which may help them continue their business after the threat posed by the corona virus pandemic has ended. Among the offerings announced recently by the government in the recent 2020/2021 Budget presentation, are a $375,000 tax credit, and a $100,000 cash grant for MSMEs. The aim, according to Finance and Planning Minister, Dr. Nigel Clarke is to minimize the tax burden on small taxpaying business operators, and to encourage more persons to become formalized...
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