Cuba announces tax breaks

Cuban President Raul Castro.

Cuban President Raul Castro.

Published May 27, 2011


Cuba has announced new measures to spur the island's push into private enterprise. The government is instituting a moratorium on payroll taxes for small business owners and loosening limits on the size of private restaurants.

Under the new guidelines published Friday, anyone who hires between one and five workers will not be subject to any payroll taxes during 2011. The measure applies to all small business owners, but is likely to have its greatest affect on private restaurants and cafes employing waiters and cooks.

The government also says it will allow such establishments to serve up to 50 diners at a time, up from the 20 that had been permitted previously. - Sapa-AP

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