THE re-opening of most, if not all, economic sectors since the re-implementation of Covid-19 lockdown measures means that the upcoming Budget 2022 proposals would be a vital catalyst enabling our country to fulfill its international commitments as well as improve tax collection and raise tax revenue.
Tax on medicines, some hospital equipment and other items needed in the fight against COVID-19 has been reduced by the Goods and Services Tax Council. The tax cut is based on recommendations by a Group of Ministers amid the pandemic.