Published in SMEWorld April 2011 Issue
To everything there is a season and a time to every purpose
The new business year has begun. The recent central government budget has been presented with certain changes – positive and negative. There are strong undercurrents of General Sales Tax as well as the Direct Tax Code in the coming years. What impact they will have is anybody's guess at the moment but they will definitely create some ripples or waves in various aspects of the business environment. It is time for SMEs to do a 360 degree evaluation of their business, to fortify themselves for the future and to brace against competition in this decade – both indigenous and global.
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