House Approves Income Tax Proposal

The House of Representatives approved in principle the government's draft to amend the Income Tax Law, aiming to simplify tax procedures and encourage investment. The amendments include updating rules for bad debts, real estate transfer tax, and the abolition of capital gains tax on securities, while also offering incentives for holding companies and investments in national projects. Additionally, the revision is accompanied by improvements in addressing double taxation and enhancing healthcare funding.

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