WONDERLA HOLIDAYS LIMITED The Government of Tamil Nadu has granted waiver of Local Body Tax (LBT) of 10% for a period of 10 years from the commencement of commercial operations, after persistent efforts by Wonderla Holidays Limited. The Government of Tamil Nadu vide Government Order (Ms) No. 71 dated 02.06.2023, has made amendment to the Municipal Administration and Water Supply Department Notification No.II(2)/MAWS/828(d)/2019 dated 22nd October 2019.
As per the amendment, the Company has been granted LBT waiver for a period of 10 years from the date of commencement of commercial operation subject to the condition that the commercial operation shall be commenced within a period of 2 years from 2nd June 2023, which is very positive for the business of Wonderla Holidays Limited. With this, the Company expects to commence the operations of the Chennai project at the earliest.
