Income Tax Act Amendment criticised

Income Tax Act Amendment criticised

A number of entities have expressed their discontent with measures proposed within the amendment to the Income Tax Act, which the Finance Ministry has submitted for interdepartmental review. The department has received a total of 620 comments, including 283 essential proposals.

Apart from state and public institutions, among the critics are in particular employers’ associations and various commercial, business and professional organizations. The submitter of the amendment claims that given the importance of measures to combat tax evasion it is natural that a number of comments have been put forward. ”However, we have to distinguish between constructive suggestions and attempts to maintain the status quo together with space for tax evasion, which we cannot accept,” said the Finance Ministry.

Christopher George

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