Government Increases Sales Tax on Small Cars, Cracks Down on Unregistered Businesses in New Budget

Sales tax on small cars increased to 18 percent for vehicles up to 850cc
Government introduces measures to streamline tax policies and combat tax evasion
Severe penalties for unregistered businesses include freezing bank accounts, banning property transfers, and sealing premises
Businesses have 30 days to appeal penalties
Tax rate on interest income increased from 15 percent to 20 percent, excluding national savings schemes
Taxes proposed on online businesses, requiring e-commerce platforms to report monthly transaction data and taxes

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.