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ECONOMIC Affairs Minister Michael Halkitis. Photo: Donavan McIntosh/Tribune Staff

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Real estate transition boost on VAT savings

Parties to real estate deals that are in process could enjoy tax savings worth five-figure sums if they close - and bring their documents forward for stamping - on or after July 1, it was revealed yesterday.

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Gas margin rise ‘non-starter’ despite fairness questions

A Cabinet minister yesterday ruled out increased margins for gas station dealers as “a non-starter” even though a major petroleum supplier conceded that current volatility “calls into question the fairness” of the industry’s pricing structure.

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Minister concedes $1.3bn revenue jump ‘optimistic’

A Cabinet minister yesterday conceded that the Government’s target of increasing annual revenues by $1.3bn in four years is “optimistic”, but argued: “We believe we’ll make it.”

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Halkitis: Dubai trip chance to boost investment

ECONOMIC Affairs Minister Michael Halkitis defended the trip to Expo 2020 in Dubai, saying the event was an opportunity to establish connections and hopefully boost foreign direct investment.


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