The Ministry of Finance (MoF) on February 13, 2025, issued the Income-Tax Bill, 2025.
The following has been stated namely: -
• The simplification exercise was guided by three core principles:
o Textual and structural simplification for improved clarity and coherence.
o No major tax policy changes to ensure continuity and certainty.
o No modifications of tax rates, preserving predictability for taxpayers.
• A three-pronged approach was adopted:
o Eliminating intricate language to enhance readability
o Removing redundant and repetitive provisions for better navigation.
o Reorganizing sections logically to facilitate ease of reference.
[Bill No. 24 of 2025]
