$114m return

DESPITE the decrease in the Service Turnover Tax the Government expects collections to increase to $98.1 million in the 2016/2017 financial year and further increase to $114.8m in FY 2017/2018. In the 2017/2018 National Budget, Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum announced the reduction in STT from 10 per cent to 6 per cent. […]

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