Overview of Fiscal Measures

• Income Tax

• Income tax due by foreign permanent residents

• Duty on documents

• Registration tax & road license for racing cars & vintage cars

• Cigarettes

Measures affecting Tax Administration

• Import duties

• Levies

• VAT

• VAT & IT Penalties

• Measures that benefit entrepreneurship

• Taxation on farmers that produce fruit and vegetables

• Procedures to reduce cases before Small Claims Tribunal

Environmental Measures

• Environmentally friendly measures

Monetary Measures

• Removal of Exchange Control requirements

Fiscal Measures with Social Implications

• Capital means test

• Increase in supplementary allowance

• Payment for maintenance of children in cases of marriage separations

• Increase in children’s allowance for those with three children and more

• New procedures in the working of tax calculations on arrears of pensions

• Increase in the cost of living for pensioners

• Casual social assistants

• Financial assistance for parents with children under two years who attend child day care centres

Reference

• Budget Speech (in Word format)

• Appendices (in Word format)

• Statements A, B, C (in Excel format)

• Economic Survey January - September 2002 (in PDF format)