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Specific Business Tax Reduction

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The Specific Business Tax reduction from 3,3 to 0,11 is now officially announced and currently applied at the Land Offices for any transfer of Condo, house or land and on which SBT is charged. Anyone who transferred property between 29 of March and the 18th and paid the full 3,3 %SBT can ask for a refund at the Revenue Department. Exiperes again 28 March 2010.

thats great...it finally aligns with the previous reduction of the Land Office 2% transfer tax....

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