2023-2024

There are (Unannounced changes) to the tax rates for 2024.However,The taxable income thresholds have been increased by the indexation factor of (Unannounced). which means adjusting income levels for inflation. This ensures tax brackets keep up with rising living costs. Any indexation factor benefits individuals, preventing higher taxes solely due to inflation-driven income growth. The adjustment maintains fairness in the tax system and reflects economic changes positively over time.

Others