exemption

Killing multiple birds with one stone

January 03, 2012 | 19:19

The government gave the nod to tax reductions, exemptions and extensions to small- and medium-sized and labour-intensive firms to help them tackle difficulties.

The tax exemption status of equipment and machinery forming fixed assets for foreign direct invested enterprises will be delayed until next year when a circular guiding firms on how to settle import procedures and set up import tariff exemption lists is launched.