The International Monetary Fund (IMF) is suggesting that special stamp duties imposed on property purchase be phased out, once systemic risk arising from speculative demand dissipates.
In its latest report assessing the health of the SAR economy, the global body said the duties that can be removed by phases are the Buyer’s Stamp Duty and New Residential Stamp Duty which under the IMF’s view are part of capital flow management and macro prudential measures…
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