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No property tax increases in the upcoming fiscal year

Published:Tuesday | February 10, 2015 | 3:29 PM
Finance Minister Dr Peter Phillips. - File

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.



‚ÄéMore details soon.



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