Hail-a-tax to catch a ride: Budget focuses on MSP assurance, tax adjustments & sectoral reforms despite implementation challenges

The 2024 budget focuses on key stakeholders including the poor, women, youth, and farmers, aiming to address their needs through various initiatives. Highlights include the reiteration of a 50% margin over production cost for MSPs, though previously announced and now reaffirmed, drawing close scrutiny. Other sectors such as direct tax rates see adjustments, with reductions in short-term and long-term capital gains taxes, and adjustments to corporate tax rates for foreign entities.