The Budget for 2009-10 was presented to the Parliament by the Minister of Finance on 11 February 2009. Details of the Budget regarding direct taxation, which unless otherwise indicated will apply from 1 March 2009, are summarized below. (a) Corporate taxation. Proposals include: -   to grant an additional capital allowance of up to 15% to companies investing in energy-efficient equipment; -   to implement the dividend tax reform by the second half of 2010 after the treaties ratification processes; and -   to maintain the existing corporate tax rates.