Property tax implementation to start in 2022

    Photo credit: 103.1FM

    Implementation of property tax on residential properties will begin this year, according to Finance Minister Colm Imbert.

    Responding to questions in Parliament today, Mr Imbert did not give an exact date of commencement but said it would be before December 31st 2022.

    He also explained why government is starting with residential properties.

    Earlier this month, Minister Imbert confirmed that the required 200,000 returns for residential property owners had been received.