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Senior Political Reporter
Government’s Landlord Business Surcharge will carry strong penalties for non-compliance, including for landlords collecting rent from premises and failing to register those premises. Such landlords will be subject to a $250,000 fine plus three years’ imprisonment.
Landlords who knowingly supply false information to the Board of Inland Revenue will also be subject to this penalty, Finance Minister Dave Tancoo stated in the House of Representatives on Friday.
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