Cuba unveils new business taxes


Cuba : The Cuban authorities have set out in detail new rules and taxes for the self-employed and small businesses as they move to overhaul The Economy.

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Taxes will range from 25% for incomes more than 5,000 pesos (about $225, £142) a year to 50% for those earning more than 50,000 pesos (about $2,300).

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Many self-employed business people will be allowed to hire workers. The changes come as the government prepares to cut half a million State jobs by March next year. Tax is a relatively new concep...