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House of Representatives debates new tax laws

House of Representatives debates new tax laws

The Planning and Budget Committee in the House of Representatives discussed draft tax laws aimed at boosting public revenues and restructuring the financial system. These include renewing the enforcement of the Tax Disputes Law and allocating a percentage of profits from state-owned companies to the general treasury. Through these initiatives, the government seeks to expand the tax base and improve the collection of treasury dues while reducing the accumulated tax disputes. The discussions will also cover the percentages and mechanisms of profit deductions and the impact of these amendments on the investment environment.

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