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Five years down the line, stringent requirements in a proposal to offer Value Added Tax remission to low income housing projects continue to put off builders who hoped to take advantage of the incentive to turn around the sector, writes FERDINAND MWONGELA
When Legal Notice No 115, aimed at giving Value Added Tax (VAT) remission to low-income housing projects came into being in 2008, many developers breathed a sigh of relief.
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