29th Conference of the Parties (COP29). The 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change (UNFCCC) recently concluded in Baku, Azerbaijan, and it has been a pivotal event in the global climate agenda. Here are the key outcomes and implications of COP29: COP29 saw significant developments [...]
Economic Overview The economic effects of the coronavirus crisis have been extensive and a recovery to pre-pandemic levels will take several years. Current forecasts from the IMF show global gross domestic product (GDP) contracting by about 4.9% this year, although the general economic outlook has improved somewhat. Second quarter GDP outcomes for most economies have [...]
Donations made to the Solidarity Fund The deduction available for donations increased. To alleviate the cashflow difficulties of employees where their employers contribute to the Solidarity Fund on their behalf, Government is proposing a special relief measure by temporarily increasing the current 5% tax limit in the calculation of monthly PAYE of the employee. An [...]
