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New Tax Reform Spurs 12% Growth in SME Sector, Govt Reports
Summary
A recent government tax reform implemented in January 2026 has led to a 12% growth in the small and medium enterprise (SME) sector, according to official data released today. The p
A recent government tax reform implemented in January 2026 has led to a 12% growth in the small and medium enterprise (SME) sector, according to official data released today. The policy reduced corporate tax rates for SMEs from 25% to 18%, aiming to stimulate business expansion and job creation. The Ministry of Finance reported that over 30,000 new SMEs registered in the first six weeks of the year, a 20% increase compared to the same period last year. Economic analysts from Reuters say the reform is a key driver in revitalizing the domestic economy amid global uncertainties. The government plans to monitor the policy's long-term impact closely.
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