Amendments to the tax code governing real estate got initial approval from Parliament yesterday, according to Youm7. The amendments would impose a 2.5% levy on the disposition or quick sale value of real estate assets, both in the form of a building or unoccupied land. Under the new stipulations, property owners would not have access to basic services, such as power and water, until they are able to present proof that they have paid the necessary taxes.
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