The government has refrained from aggressive tax-raising measures in the Finance Bill, 2025 and is instead leaning on sealing revenue leakages as it looks to avoid a repeat of the youth-led protests that met last year’s tax hikes.
A draft of the Finance Bill, which was tabled in Parliament on Wednesday, shows a departure from the popular measures such as higher excise taxes on products such as alcohol, cigarettes, and confectionery, and duty on imported goods.
