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Finance Minister Davendranath Tancoo has said legislation to exempt private pensions from income tax is before the Cabinet.
On October 13, 2025, Tancoo delivered the first national budget of the United National Congress (UNC) Government and announced that, in keeping with the Government’s promise during the 2025 election campaign, “I propose that private pensions be exempted from income tax.”
The minister said then that the measure would take effect on January 1, 2026.
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