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As Government moves to increase penalties through the Finance Bill 2026, economist Dr Vanus James says the measures reflect a search for additional revenue, while business representatives are questioning the lack of consultation.
The Finance Bill, laid in Parliament on Friday by Finance Minister Davendranath Tancoo, proposes increases to dozens of fines, including a jump from $2,000 to $8,000 for manufacturing vinegar for sale without a licence and from $4,000 to $8,000 for manufacturing copra products without a licence. Penalties for operating a sawmill without a licence and removing timber without a permit would rise from $100,000 to $150,000.
James said the measures were understandable given Government’s fiscal position.
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