The federal government has enacted a sweeping tax reform aimed at modernizing the tax system and enhancing revenue collection efficiency. Among the notable changes is the introduction of an 18% sales tax on mobile phones across all price ranges, ensuring uniform taxation within the rapidly expanding mobile phone market.
Additionally, the government has abolished numerous sales tax exemptions previously available for various goods and services. This move seeks to rectify inconsistencies in the tax system, fostering a fairer and more balanced taxation framework.
Moreover, the government has standardized tax rates across diverse categories of goods, replacing disparate tax rates with a uniform tax rate for similar products. This measure is anticipated to simplify tax compliance for both businesses and consumers, reducing complexity and enhancing clarity in the tax system.