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Overview of the Plan
The federal government has presented a five-year revenue generation plan to the International Monetary Fund (IMF) with the goal of significantly expanding the tax base. The plan aims to add over 20 million new taxpayers to the tax net over the next five years.
Targets for Expansion
To achieve this ambitious target, the plan includes specific targets for the current financial year. It outlines the registration of 3.722 million individuals and 23,500 associations of persons.
Objectives
The main objective of the plan is to broaden the tax base, enhancing revenue generation and improving fiscal stability. This initiative is expected to contribute to a more inclusive tax system and reduce the reliance on existing taxpayers.
