PWC expresses concerns over uncertainties in proposed tax laws

The proposed amendment to the tax laws in the country are now raising concerns, with experts expressing reservation over the unintended consequences of the laws. The proposals which include an amendment of the income tax act, value added tax act, excise duty act, tax procedures act, and the miscellaneous fees and levies act leaving investors jittery over the operating environment in the country. Tax experts warn that though some of the proposals are welcomed others could see the operational cost of business increase discouraging investment in the country