No property tax increases in the upcoming fiscal year
Finance and planning minister Dr Peter Phillips has said there will be no increase in the rates of property taxes in the upcoming fiscal year.
In a statement to the House of Representatives this afternoon Phillips dismissed media reports that the tax would be increased in the 2015/2016 financial year.
Meanwhile, Phillips said legislation is coming in the new fiscal year to increase compliance in the payment of property taxes.
More details soon.
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