Friday, June 14, 2024
601 ad

12-month amnesty period for ratepayers

Cabinet approved a 12-month amnesty period on interest payable from residential ratepayers in arrears.

In a Post-Cabinet Press Conference, Rabuka said the amnesty is intended to facilitate the recovery of principal rates owed by ratepayers and the amnesty will be implemented in phases.

Rabuka said the Government recognises that owners of residential property face difficulties in paying rates due to reduced household income; since 2020, the COVID-19 pandemic saw many workers losing their jobs or working on reduced hours, reducing household income.

“The 11 per cent compound interest rate applied annually under the Local Government Act increases difficulties faced by ratepayers.”

The Ministry of Local Government will also review the compound interest rate set at 11 per cent and carry out consultations to ensure interest levied is fair to ratepayers.

Ilaitia Ravuwai
Ilaitia Ravuwai
Journalist | news@fijilive.com

MORE FROM FIJILIVE

Livestock theft suspects arrested i...

A joint effort of the Police Dog Unit and Ba Criminal Investigation...

LTA to introduce mandatory DDC for ...

As part of its commitment to road safety, the Land Transport Author...

Cybercrime knows no national border...

Cybercrime is a complex and rapidly evolving transnational phenomen...

Rauluni focuses on depth and discip...

Vodafone Fijiana XVs head coach Mosese Rauluni says building team d...
Fijilive Ad

trending

error: