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4:09 AM Nov 23, 20231.2KViews
Amendments to the Land Tax Act target those who purchase land or resell it without registering the change of ownership with the government, the ministry said
The amendments to Article 54 of the Land Tax Act (), Articles 29, 30 and 31 of the Vehicle License Tax Act () and select articles under the Tobacco and Liquor Tax Act () would allow agencies more leeway in assigning fines based on the severity of the breach, the Ministry of Finance said
Photo: David Chang, EPA The amendments would change the fines for contravening the act from a fixed rate of 2 percent of the lands sale price to fines of 2 percent or lower of the current land value, they added
