New Income Tax Bill: ‘Trust First’ Approach, What to Expect?

The new Income Tax Bill is expected to adopt a "trust-first" approach, focusing on simplifying tax compliance and reducing litigation. The Bill aims to provide clarity and reduce ambiguity in tax laws. The proposed changes are expected to benefit taxpayers and improve the efficiency of the tax system. The Bill reflects the government's commitment to creating a taxpayer-friendly environment. This initiative is part of broader efforts to reform the tax system and support economic growth.