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of <h1>Taxation Laws (Amendment) Bill 2025 Passed with Key Updates to Income Tax Rates and Compliance Rules</h1> The Taxation Laws (Amendment) Bill, 2025 was passed by both legislative houses in August 2025. The bill introduces amendments to existing income tax laws, with detailed provisions outlined clause by clause. The changes aim to update tax regulations, potentially affecting tax rates, exemptions, and compliance requirements. The legislation reflects the government's efforts to reform tax administration and enhance revenue collection mechanisms.
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