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Friday, March 29, 2024

Personal income tax changes continue passage through parliament

By: J.S., STA

MPs decided that the draft amendments to the income tax law, due to enter into force on 1 January 2022, were fit for further procedure.

They will now first be discussed by the Finance Committee and then approved or rejected by the MPs in plenary. The changes include reducing tax on capital and increasing the general income tax allowance.

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