The object of this bill is to amend the Customs and Excise Act so as to—

(a) revise the rates of customs and excise duty payable on certain goods;

(b) introduce ten percent excise duty on betting services; and

(c) provide for matters connected with, or incidental to, the foregoing.

The object of this Bill is to amend the Income Tax Act so as to—

(a) increase the withholding tax from fifteen percent to twenty percent on Government securities;

(b) introduce a minimum alternative tax at the rate of one percent to counter tax avoidance and broaden the tax base; and

(c) provide for matters connected with, or incidental to, the forgoing.
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