* 49% tax on small and medium enterprises reduced to 20%
* Interest on agri loans reduced from 49% to 29%
* Interest-free revolving credit of Rs 5billion introduced
* Small businesses exempted from submitting withholding tax returns every month; will do so only twice a year
* Tax on income generated from loans to small businesses, agriculture sector and low-income housing reduced from 39% to 20%
* Rs 20,000 fixed tax on marriage halls reduced to Rs 5,000
* Investment in solar panels and wind turbines to be exempt from duties and taxation for five years
* Super tax on non-banking companies to be abolished from July 1, 2019
* 0.02 per cent withholding tax on stock exchange trading abolished
* Machinery for greenfield projects to be exempt from customs duty, sales tax and income tax
* Gas Infrastructure Development Cess removed from fertiliser sector
* Duty on diesel engines for agricultural applications reduced to 5% from 17%
Published in Daily Times, January 24th 2019.
