After careful consideration, the government has still opted to increase VAT, but now only by 0.5%pts in 2025, and further 0.5%pts in 2026. This will bring VAT to 16% in 2026. To make up for the ‘lost’ ...

Taxpayers can now easily compare sections of the Income Tax Act ... The Bill also introduces 57 tables, up from 18, and incorporates formulas to simplify tax calculations. The Bill has removed ...

Income tax is calculated based on your taxable income, which includes wages, salaries, business profits, and other sources of income. Deductions, exemptions, and credits can affect the final tax ...