On 5 July 2006, the President announced a tax reform plan, which is expected to be submitted to Congress in the form of a bill, by 20 July 2006. The plan is currently under consultation with trade unions, research groups, political parties and the media.
Highlights of the tax reform plan include:
| - | the corporate income tax rate will be reduced to 30%. Currently, companies are taxed at a 35% rate and a 10% su… |