The trades tax and regulations containing the new reduced rates have been published as a supplement to this week's Official Gazette.

The 696-page publication with yellow cover entitled "Trades Tax (Amendment) Regulations, 2003," contains the new trades and import tariffs to be implemented over the next three years on 3,500 items.

The reduction will be applied on a gradual basis, starting from the period of September 2003 until the end of next year, and of 2005 and 2006. As it can be recalled trades tax reduction has already taken effect on 200 items out of which 35 now have a 0% tax.

The publication of the document is part of the new measures of the Macro-Economic Reform Programme (Merp) and it will serve as a guide to enable consumers to better postpone their spending so they can benefit from the reductions.

Trades tax reduction is also in line with the country's commitment to international organisations such as COMESA (Common Market for Eastern and Southern Africa) and the (WTO) World Trade Organisation.

The document can be purchased at Printec Press Holding at Mont Fleuri.

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