FinMin creates single budget for income tax, VAT arms of Tax Authority

The Finance Ministry has started implementing a single budget for the Tax Authority’s departments for income tax and VAT as part of the new unified tax law, according to a ministry statement (pdf). Minister Mohamed Maait said the effort had begun in FY2019-2020 by merging some departments of the authorities for income tax and VAT, including those covering large and mid-tier investors. The unified tax law would create a single tax filing system for income tax, stamp tax and VAT, and is currently being discussed by the House Planning and Budgeting Committee.