Prepare a report aimed at: i) quantifying foregone revenue by tax exemptions in current legislation; ii) identifying all codes and other legal texts in which tax exemptions need to be removed in the context of passing the new income tax law, consistent with Fund TA.
Introduced at R0. Rationale: Quantify the fiscal cost of tax exemptions in current legislation. Ensure consistency of investment incentive policy across legislation. Align tax exemptions with other EAC countries and minimize revenue loses. At R2, text of the condition was revised to "Prepare a report identifying and assessing the impact of the exemptions contained in the various codes and legal texts and identify those that need to be revised."