Mid-year budget: Scrap 17.5% VAT on immovable properties – GREDA demands

Real estate sector players are lamenting over the government’s reintroduction of a 17.5 percent Value Added Tax (VAT) on the sale of immovable properties. They argue that the tax is hindering sector growth and criticise the lack of consultation prior to its reintroduction. They urged the government to abolish the tax as part of its … Read more