For Immediate Release
Business Applauds Tax Measures
St. John’s, NL - The St. John’s Board of Trade is applauding tax measures announced today by the City of St. John’s. City Council announced a number of changes to reduce the tax burden on residents and businesses due to the challenges presented by COVID-19.
Effective immediately, the City will not be charging interest on commercial and residential property taxes or water meter tax up to and including August 31, 2020. To further alleviate the pressures, commercial property owners will see the vacancy allowance claim period extended. Claims for the first quarter normally due April 30, 2020 are not due until May 31, 2020. Finally, the commercial tax bills for the second quarter normally sent early May will now be sent in early June.
“These are welcome measures to the business community.” – said Andrew Wadden, Chair of the St. John’s Board of Trade. “The actions taken by the City today will help make the day to day finances more manageable for businesses that are feeling the economic hardship that COVID-19 is presenting.”