Land Tax Exemptions

Is triggered when a FMD holder dies, turns into bankrupt or ceases main production for more than a hundred and twenty days. 1.3As illustrated in Figure 1.1, the balances held in FMD accounts have elevated steadily over the past decade and extra sharply lately. There is a definite sample of deposits on the end of each monetary year, followed by a drawing down of deposits initially of the following financial year. In June 2022 around $5 billion in FMDs had been held, rising to over $6.6 billion in June 2022. There are round forty five,000 FMD holders taking part within the Scheme.