A government consultation paper on corporate tax reform has exposed significant divisions within the business community, with industry associations representing exporters broadly supportive of the proposed changes while small business groups warn of a disproportionate administrative burden falling on their members.
The draft proposes shifting to a minimum effective rate aligned with the OECD global framework while introducing an expanded investment deduction for capital expenditure in priority sectors including green technology and digital infrastructure.
The consultation period runs until mid-May, after which the finance ministry has committed to publishing revised proposals ahead of the autumn budget.
