Government urged to enact tax compliance policies

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FIRST Mutual Wealth (FMW) says the government must come up with policies that encourage tax compliance, at a time the country is losing millions through tax evasions.
In a recent 2022 national budget review statement, FMW said that informalisation and lack of tax compliant entities was piling pressure on formal enterprises.

“Policies that ease and or encourage tax compliance and benefits should continue to be considered so that formalisation of the economy grows,” the investment management firm said.