Reducing tax

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Starting from January 1 of next year, the monthly service fees charged by registration and notary services and deposited with the Legal Affairs Bureau (DSAJ) Coffer of Legal Affairs, will be a reduced to 10 per cent, according to an Official Gazette release yesterday.
The decision will reduce the current service tax of 45 per cent, in place since January 1 of this year.
The Coffer of Legal Affairs is an autonomous fund that supports the installation and operations of registry and notary services and of the Legal and Judicial Training Centre, as well as different DSAJ activities.
There are currently 54 private notaries and three public notary offices authorised to work in the MSAR, according to DSAJ data.