Submit to Parliament a new Inland Revenue Act with a view to simplifying and broad-basing the income tax.
Introduced at R0. At R2, modified as a PA. A complete draft of the new Inland Revenue Act that incorporates all 2017 budget measures and comments from IRD and the private sector has been prepared, supported by IMF TA. The submission of the Act, complete with schedules for investment incentives and exemptions in line with staff recommendations, is a prior action for the second review.