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Tax is payable on the "annual rental value" of property, other than owner occupied property. Such "annual rental value" is the higher of the rateable value and the actual rent received if the property is let. No tax is payable on vacant property or on owner-occupied property. Certain deductions for maintenance and repairs are allowed against the annual rental and the amounts of tax on property other than that let at a market rent are insignificant.
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In 2005, Mr. Zulueta claimed that he invited Raoul Goco to open a Greek restaurant in the Philippines, and they conceptualized the name of the restaurant to be CYMA while on vacation in Greece.
In the heart of the Indian Ocean, Mauritius is not only known for its breathtaking landscapes but is also emerging as a hub for innovation within its dynamic manufacturing sector.
Consumers are becoming increasingly environmentally conscious and focused on sustainability, especially within the fashion industry, which accounts for nearly 10 percent of global greenhouse gas emissions.
No stay of proceedings if party was declared insolvent after the oral hearing had concluded and the legal dispute was ready for a decision, R. 311.1 RoP, Art. 41 (3) UPCA
The air is buzzing with innovation and legal drama. For a start, the European Patent Office's latest report shows a record-breaking number of patent filings, highlighting Europe's...
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