Top 10 expectations
Not surprisingly, rationalisation of different taxes scores high on people’s wish lists.
1. Either a cut or higher exemption in personal income tax rates
Chances of acceptance - Very high
2. Removal of surcharge on corporate tax
Chances of acceptance - Moderate to high
3. Clarity on the roadmap for transition to goods and services tax
Chances of acceptance - very high
4. A slower reduction in customs duties to ASEAN levels
Chances of acceptance - Moderate
5. Further lowering of excise duties on some key products
Chances of acceptance - Moderate
6. Softening of the fringe benefit tax (FBT) regime
Chances of acceptance - High
7. Increase in service tax coverage
Chances of acceptance - Very high
8. Fillip to overseas investments through easier norms
Chances of acceptance - High
9. Imposition of a Tobin tax to moderate capital inflows
Chances of acceptance - very low
10. Positive incentives for clean technologies
Chances of acceptance - High
Chances of acceptance - Very high
2. Removal of surcharge on corporate tax
Chances of acceptance - Moderate to high
3. Clarity on the roadmap for transition to goods and services tax
Chances of acceptance - very high
4. A slower reduction in customs duties to ASEAN levels
Chances of acceptance - Moderate
5. Further lowering of excise duties on some key products
Chances of acceptance - Moderate
6. Softening of the fringe benefit tax (FBT) regime
Chances of acceptance - High
7. Increase in service tax coverage
Chances of acceptance - Very high
8. Fillip to overseas investments through easier norms
Chances of acceptance - High
9. Imposition of a Tobin tax to moderate capital inflows
Chances of acceptance - very low
10. Positive incentives for clean technologies
Chances of acceptance - High
