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The Parliamentary Finance Committee revealed, on Sunday, the date of passing the draft federal budget law for 2021.
A member of the committee, Representative Sherwan Mirza, said, “The committee is holding a meeting today to continue discussing the draft federal budget law for the current year 2021.”
Mirza added, “The committee has several options on the issue of cutting employees’ salaries, the first of which is the government’s option in the budget and the option to raise the ceiling for deduction from the amount that starts with it, as it currently starts from the amount of 550 thousand and we are going to raise this ceiling to more than a million, likely to be applied. The committee has made its third choice, which is to implement Income Tax Law No. 113.
Mirza pointed out that “the last option is to completely reject the deduction, noting that the committee is making efforts in order not to harm the employees significantly,” and it is likely at the same time that “the draft budget law will be approved next week.”
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