How taxes can benefit micro, small and medium enterprises

High business taxation and burdensome compliance procedures disproportionately affect Micro Small and Medium Enterprises (MSME’s), limiting their ability to invest and grow. According to a new ILO working paper, Preferential Tax Regimes can offer lower tax rates and simplify regulations. They can also help enterprises move from the informal to the formal economy.

Date issued: 16 September 2021 |