Budget proposals that will hit you if effected as drafted

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PHOTO | SHUTTERSTOCK

The Finance Bill, 2023, was presented to Parliament for its first reading on May 4, 2023, and puts on the table radical changes to the tax regime.

The objective is to enhance revenue collection by broadening the tax base, increasing charges and implementing real-time collection.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.