While describing the law, which repealed the Land Use Charge Law 2001 as insensitive to business and land- owners. “The new LUC Law provides a robust legal and regulatory framework to support ongoing LUC administration reforms aimed growing the economy. This meant that, if you did not receive a demand notice, you were not likely to pay LUC thereby resulting in lost revenue to the State Government,” he said. He said: “For the purpose of land use charge, property are assessed individually. Now, occupiers holding long leases of 10 years and above are liable to pay the charge.

Source: The Guardian March 05, 2018 04:30 UTC