Other Tax Changes

Property Tax Rebate

The 55 per cent property tax rebate on industrial and commercial properties, first announced in the June 1998 off-budget measures, will be extended by another year to 30 June 2000.

Stamp Duty For Contract Notes

As announced in the November 1998 cost-cutting package, the suspension of stamp duty on contract notes for share transaction will now be extended by another year to 29 June 2000.