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Posts from March 2021

The Sultanate’s Economic Stimulus Plan (ESP) 

The Sultanate’s Economic Stimulus Plan (ESP) endorsed by the Council of Ministers today (9th March 2021) is based on five main axes, namely:  
(A) Incentives pertaining to taxes and fees;  
(B) Incentives to improve business and investment environment;  
(C) Incentives to boost small and medium enterprises;  
(D) Incentives for the labour market and employment; and  
(E) Banking Incentives aimed to enhance efforts to alleviate the impacts of Covid-19 pandemic on the national economy through a set of measures to support efforts of enhancing economic recovery, economic activities and attracting foreign investments. 
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