President Dr Mohamed Irfaan Ali has reaffirmed his commitment to raising the income tax threshold to $200,000 before the end of his current term.

“The new base now is a new threshold, and we said that before the end of this term, that new base will be $200,000 upon which our workers would stand, $200,000 tax-free,” the president said during a ceremony to commemorate Enmore Martyrs Day on Tuesday.

The pledge would further extend the steady climb in the threshold since the People’s Progressive Party/Civic (PPP/C) returned to office in 2020.