Budget for 2014 – details

The Budget for 2014 was presented to Parliament by the Minister of Finance on 19 December 2013. Details of the Budget proposals, which unless otherwise indicated will apply from 1 January 2014, are summarized below.

Direct taxes
(a) Corporate taxation:

-	to disallow mineral royalty as a deductible expense against taxable income;
-	to exempt from income tax interest i…