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Tuesday, March 10, 2009

ESP21. Reducing Cost of Doing Business

  • exempt levy payments to the Human Resource Development Fund
    • for 6 months with effect from 1.2.2009
    • for textile, electrical and electronics industries
  • reduce levy rate to 0.5% (currently 1%)
    • for 2 years effective 1.4.2009
    • for all employers

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