February 01, 2018

No more buoyancy in Personal Income Tax recepits expected?

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)

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