MINISTER of Finance & Treasury Hon Harry Kuma has announced business incentives to boost the recovery process of local businesses in Parliament today.
Delivering his 2021 Budget Speech in Parliament, Minister Kuma said the Government is fully aware that many local businesses are still struggling because of COVID-19.
He acknowledged that it would take years for many local companies to fully recover.
Hence, as part of the DCGA Government economic recovery strategy, the Finance Minister announced the following Business Incentives:
Meanwhile, Minister Kuma also announced in Parliament that based on this independent review, all SIEA tariff rates have been reduced, and will be effective as of 1st May 2021, these includes;
“The government expects an overall reduction averaging by 18 percent. SIEA will provide the details of the reduced rates in the coming weeks before they are implemented,” Minister Kuma said.