Parliament to approve a tax reform package, including (i) a simplification of the code of Books and Records, (ii) the elimination of several tax exemptions and preferential regimes under the corporate income tax and the VAT; (iii) simplification of the VAT and property tax rate structures; and (iv) a more uniform treatment of individual capital income.
Introduced at R5. Macrocritical relevance: to simplify the tax system, improve its efficiency, and broaden the tax base