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Parliament debates new budget tax reforms
The House of Representatives discussed the draft economic and social development plan for the fiscal year 2026/2027, in addition to several draft laws aimed at updating the tax system and improving revenue collection. The laws included renewing the tax dispute system, amending procedures for value-added tax, regulating stamp duty, and allocating a portion of profits from state-owned companies to the general treasury, all with the goal of addressing economic challenges and promoting transparency and tax justice. The discussion also encompassed amendments to the law on the Financial Resources Development Levy to enhance collection mechanisms and reduce practical issues.
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