Tax Incentives for SMEs

Tax incentives for SMEs are benefits provided by the government to encourage small and medium-sized enterprises to grow and invest. These can include reduced tax rates, tax deductions, credits, or exemptions on certain expenses or profits. The goal is to lower the financial burden on SMEs, enabling them to expand, hire more employees, and innovate. By offering these incentives, governments aim to support the development of a diverse and competitive economy, making it easier for smaller businesses to thrive alongside larger corporations.