scorecardresearch

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