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Candidates Pitch Tax Cuts As Voters’ Savior, But Details Remain Mia
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Presidential hopefuls have promised to lighten the load on taxpayers by increasing the basic income tax deduction, which has not been adjusted in 16 years. However, experts caution this might exacerbate South Korea’s anggaran shortfall unless there is a clear strategy for generating additional revenue to offset the change. The governing Democratic Party of…
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Candidates Pitch Tax Cuts as Voters’ Savior, But Details Remain MIA
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Presidential hopefuls have promised to lighten the load on taxpayers by increasing the basic income tax deduction, which has not been adjusted in 16 years. However, experts caution this might exacerbate South Korea’s budget shortfall unless there is a clear strategy for generating additional revenue to offset the change. The governing Democratic Party of…
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Finance Bill 2025: John Mbadi Sets the Record Straight on Zero-Rated Goods Tax Changes
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The Finance Bill of 2025 suggests modifications to taxation categories and policies aimed at generating additional revenue for the financial period spanning 2025-2026. The bill suggested amendments to the Value Added Tax (VAT) Act with the aim of shifting certain products from being zero-rated to becoming exempt from taxation. The Treasury Cabinet Secretary (CS),…