Bill 26 has received first reading on July 24, 2014 and includes tax measures as follows:
- Increment of individual income tax on taxable incomes above $150,000
- Reduction of the taxable income threshold due to 13.16% tax rate to $220,000 instead of $514,090
- Insert 12.16% new tax rate on taxable income between $150,000 and $220,000
The new income thresholds will not be adjusted each year due to inflation.