In today's Budget 2018-19 presentation, the government's confidence in buoyancy in Personal Income Tax receipts appears to have waned.
Check these figures:
YoY change for Personal Income Tax receipts:
20% (FY18 Revised Estimate to FY19 Budget Estimate)
25% (FY17RE to FY18BE)
18% (FY16RE to FY17BE)
Corresponding figures for Corporate Tax receipts:
YoY change:
10% (FY18 Revised Estimate to FY19 Budget Estimate)
9% (FY17RE to FY18BE)
9% (FY16RE to FY17BE)
Check these figures:
YoY change for Personal Income Tax receipts:
20% (FY18 Revised Estimate to FY19 Budget Estimate)
25% (FY17RE to FY18BE)
18% (FY16RE to FY17BE)
Corresponding figures for Corporate Tax receipts:
YoY change:
10% (FY18 Revised Estimate to FY19 Budget Estimate)
9% (FY17RE to FY18BE)
9% (FY16RE to FY17BE)
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