An action plan of priority measures will be adopted to simplify the tax system, expand the tax base, and assess the merits and feasibility of possibly reducing the corporate tax rates and of rationalizing incentives under the tax benefits code, as described in paragraph 31 of the MEFP dated November 8, 2010.
Introduced at R1. Macroeconomic importance: Support envisaged further rise in revenue to-GDP ratio and help contain the fiscal deficit.