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Cuba: More On New Economic Regulations |
25 October 2010 22:27:45
25 October 2010 22:27:45
Cuban entrepreneurs who hire employees will have to pay a 25 percent payroll tax on their salaries, and all Cubans who are self-employed must put 25 percent of their income into a social security system from which they will eventually draw a pension, according to new economic regulations published by the Cuban government, AP reported Oct. 25. The law also establishes many deductions for raw materials, transportation and other business expenses. The new regulations will allow any permanent resident of Cuba over the age of 17 to start their own business and citizens can also apply for licenses for more than one business.
Economics/Trade Cuba
https://www.stratfor.com/sitrep/20101025_cuba_more_new_economic_regulations
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