The government is actively working to remove the country from the EU’s ‘blacklist,’ with substantial advancements anticipated. The government’s dedication to transparency and adherence to international standards is emphasized as new legislation is proposed to align with EU requirements.
This action mirrors ongoing conversations with the EU and seeks to reinforce the country’s standing on tax matters. Concurrently, Parliament is discussing the Revenue Miscellaneous Amendment Act, which intends to restrict ministerial tax waiver powers and guarantee equitable taxation policies.
