Tag: personal income tax

Notably, 14 out of the 15 companies saw an increase in their budget contributions compared to 2024, demonstrating that growth was widespread across the industry rather than concentrated in just a few top firms.

A key highlight of the proposal is the updated regulation on Value-Added Tax (VAT) and Personal Income Tax (PIT).

Figure exceeds annual target by 38 per cent.

The Ministry of Finance has said that of the five revenue sources that exceeded estimates in the first nine months, the collection of house and land taxes did so by 18.4 per cent and the collection of personal income taxes by 8.8 per cent. However, many analysts believe that budget revenue from land is still quite low compared to many other countries.