HASiL: New Tax Rates to be Used in Computing Monthly Tax Deduction (PCB) Beginning June 1, 2023
The Finance Act 2023 (Act 845), which was gazetted on 31 May 2023, incorporates a change in the tax rates for resident individuals. Under this change, middle-income resident individuals will benefit from a 2% reduction in their individual income tax rate. On the other hand, higher-income resident individuals will experience an increase in their tax […]