Posted on 10th March 2021 at 10:12
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.