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Attorneys fear new VAT charge will ‘create havoc’ in property market

Summary by tribune242.com
ATTORNEYS are voicing fears that the Department of Inland Revenue’s (DIR) plan to impose a 5.25 percent interest charge on VAT due on real estate sales if the tax is not paid within 21 days will “create havoc in the industry”.
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tribune242.comtribune242.com

Attorneys fear new VAT charge will ‘create havoc’ in property market

ATTORNEYS are voicing fears that the Department of Inland Revenue’s (DIR) plan to impose a 5.25 percent interest charge on VAT due on real estate sales if the tax is not paid within 21 days will “create havoc in the industry”.

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tribune242.com broke the news on Monday, September 21, 2026.
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