The government’s recent decision to extend the grace period for late payment penalties on employment contract stamp duty until 31 December 2025 is greatly welcomed.
This is a timely and helpful measure that offers valuable breathing space for small and medium-sized enterprises (SMEs). However, this extension is only a temporary solution. To address the issue at its core, we must review the underlying policies and consider whether existing laws still reflect the realities of today’s business environment.
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