Submit to Parliament a new draft law titled “Regulating the Investment Environment and Doing Business Law”, which will include a chapter on investment that (i) sets out the incentives framework– for the granting of all fiscal incentives to investors – including clear principles to be administered by a fiscal incentives ministerial committee including MOF, that takes full account of the benefits and costs, especially foregone government revenues, associated with the incentives; (ii) consolidates the governance of new and existing fiscal incentives under MOF apparatus; and (iii) stipulates that all new fiscal incentives will be granted by the fiscal incentives ministerial committee
Reformulated and reset for
August-22