Tax Laws Amendment Bill 2024

Tax Laws Amendment Bill 2024. Introduced with the treasury laws amendment (cost of living—medicare levy) bill 2024, the bill amends the income tax rates act 1986 to modify income tax. It is through the tax laws (amendment) act no.1 of 2020 that the corporate income tax rate for resident companies was revised downward from 30 percent to 25.

The senate special committee monday passed the tax laws (amendment) bill, 2024 with some amendments to expedite disposal of tax litigation of. The national assembly passed the tax laws (amendment) bill, 2024 on monday, giving legal backing to the federal government’s tax proposals.