🔺Fast Food Tax - a 0.5% tax on the sales value of fast food items like pizza, burgers, chips, tacos and hot dogs.
🔺Betting Tax - a 10% withholding tax on gross winnings of sports betting punters.
🔺Plastic Bag Tax - a 20% tax on the sale value of plastic bags.
🔺Rental Income Tax - a 25% tax on the rental income of properties converted from residential to business use.
🔺Capital Gains Tax on Marketable Securities - a 1% tax on marketable securities.
🔺Excise Duty on Alcoholic Beverages - excise duty on alcohol I ncreased from USD 0.25/litre to USD 0.30/litre.
🔺Royalties on Quarry Stones - quarry stones will attract a royalty rate of 0.5% of their sales value.
🔺Corporate Income Tax on Building Societies - receipts from non-mortgage activities by building societies will now be taxed.
🔺Mandatory Tax Registration for Emerging Sectors - small businesses including car dealers and hardware operators must register for taxes, failing which specific quarterly corporate tax payments will be levied against them.
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