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15% flat rate on rent of residential properties - Louis Grech

 

Published by The Times of Malta 

The Government has decided to introduce a flat tax rate of 15 per cent on the rent of residential properties, deputy Prime Minister Louis Grech said this morning.

The announcement was welcomed by applause by the audience that gathered at the public consultation session at Castille.

Currently, the rent tax rate can go up to 35 per cent and has resulted in rampant tax evasion.

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