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Monday, October 3, 2022

Businesses unhappy with reversal of tax reform

By: J.S., STA

Business associations expressed opposition to government plan to revoke parts of the tax reform adopted by the previous government, including a progressive increase in the general tax relief for all earners, urging the government to withdraw the legislative proposal and draw up a comprehensive reform instead.

The Chamber of Commerce and Industry, Chamber of Commerce, Chamber of Trade Crafts and Small Business and the Association of Employers in Trade Crafts and Smalls Business find the proposal would annul the positive effects of the amendments to the personal income tax act passed in March even before they are fully implemented.

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