Executive regulations for while land tax expected in June
The executive regulations for the white land tax are set to be published before 3 Ramadan (second week of June), according to Majed Bin Abdullah, Housing Minister. On a separate note, Abdullah mentioned that granting loans under the Real Estate Fund would be resumed, and that 100,000 loan had been recently announced, following a freeze period in which rules and regulations were revised with an aim to minimise non-performing loans. (Arqaam)
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