Category: levy
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Government plans £100m annual levy on gambling firms to tackle harms
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Casinos and bookmakers across Great Britain are set to face a mandatory annual tax of £100 million to fund research, education and tackling gambling-related harms, under new government proposals expected to be announced soon. The move aims to replace the current voluntary donation system with a statutory tax, forcing gambling…
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Higher roads levy, subsidy cuts deny Kenyans relief at the pump
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Kenyans are expected to bear the brunt of a higher road maintenance tax for the second month in a row as fuel prices remain unchanged despite lower fuel costs. The Energy and Petroleum Regulatory Authority (EPRA) has kept prices unchanged at Sh188.84 and Sh171.60 per litre for petrol and diesel…
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Overtourism: Greece to target short-term rentals and levy port fees
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Greek Prime Minister Kyriakos Mitsotakis has announced measures aimed at addressing the negative impact of overtourism as visitors continue to arrive in record numbers in the post-pandemic era. The government is “very concerned” about the influx of cruise ship passengers during certain months of the year and will start imposing…
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Justice Ministry mulls abolishing betterment levy
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Are we on the road to a radical change in the real estate market? Sources tell Globes that the Ministry of Justice, the National Planning Department and the National Planning and Building Council have begun promoting a comprehensive reform of the improvement tax, including studying the possibility of completely eliminating…
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Why court declined to temporarily suspend the housing levy
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The Supreme Court declined to temporarily suspend parts of the Affordable Housing Act, including the collection of the housing tax, saying the public interest favored allowing the law to run until the petitions were decided. A three-judge panel said laws enacted by parliament have a presumption of constitutionality and the…
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State invests housing levy billions in Treasury bonds absorption
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The government is investing Sh20 billion raised from the affordable housing levy in treasury bills and bonds, indicating a low absorption rate of funds allocated to build cheaper homes for low- and middle-income families. Bonds are medium to long-term government securities and purchasing them indicates that the government is collecting…