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The 2026 budget updates tax rules to simplify filing and reduce burden ahead of the 2025 Income Tax Act.
The 2026 budget maintains continuity in tax policy while reinforcing key systems ahead of the 2025 Income Tax Act’s implementation.
It introduces 10 significant changes affecting tax exemptions, deductions, and rebates, aiming to simplify filing and reduce taxpayer burden.
These updates focus on expanding eligibility for certain deductions, adjusting exemption thresholds, and refining rebate structures to improve fairness and efficiency.
The changes are designed to align with broader fiscal goals and support economic stability.
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El presupuesto de 2026 actualiza las reglas tributarias para simplificar la presentación y reducir la carga antes de la Ley de Impuesto sobre la Renta de 2025.