Economic measures to vitalize economy in Sudan

The Sudanese government has taken several economic measures on Sunday, included great tax reduction and custom fees and mainly support for the agricultural sector in the framework of a vast campaign to reduce services fees.

The measures included canceling taxes imposed on agriculture, abrogating development tax imposed on investment and personal income tax, reduction of vocational taxation and finding out an alternative for the expatriates tax; reducing tax on public shareholders companies as from the year 2002, encouraging the financial market moves, reviving the banking economy, reducing fees on certain food stuffs and cars and canceling customs fees on computers and its accessories and making reforms in the customs department.

The Sudanese finance minister Abdul Rahim Hamdi said in a statement to the Sudanese daily al-Ayam on Monday that these measures aim at reviving the Sudanese economy and giving incentives for investment without affecting inflation and currency flow.