Budget for 2013 – details

On 1 October 2012, the Minister of Finance presented the Government's 2013 Budget to Parliament wherein he announced several fiscal measures. In addition, in recognition of the need to review the overall fiscal regime of the country, it was announced that one of the Government's medium-term initiatives will be to conduct a comprehensive review of the tax system, including tax policy, administration and enforcement with emphasis on corporate tax, personal income tax, value added t…