The sudden outbreak of the COVID-19 pandemic was unprecedented in its global reach and economic, social, and health impacts. It was a shock like no other, involving simultaneous disruptions to both the supply and demand side on the back of subdued private consumption and investment.
26 May 2020 | The head of the country’s umbrella organization of exporters welcomes government calls to reduce the corporate income tax rate to 25 percent and swiftly pass the Corporate Income Tax and Incentives Reform Act (Citira) to provide relief to “overburdened” businesses, particularly micro, small and medium enterprises (MSMEs) in this pandemic.