Lazy tax policies hurting economy

One of the proposals in the Finance Bill 2023 is to abolish the waiver of penalties and interest. FILE PHOTO | SHUTTERSTOCK

The Finance Committee of the National Assembly has rejected the proposal to increase taxation on a broad range of consumer products.

With elections just around the corner, any attempts at increasing consumption taxes will become more and more politically unpalatable.

PAYE Tax Calculator

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