Tax Reform and New Provisions
July 19, 2025
The government is planning a tax reform set to begin on January 1, 2026, with public consultation on related bills that will conclude by August 25. The goal is to create a fair and sustainable economic system, enhancing social justice and entrepreneurship. Increased fines and the tax department's ability to pursue tax evaders are expected. Taxpayers will benefit from deductions based on family income and the number of dependents.