The white land tax will be in effect in June 2016, according to an Argaam article, quoting local newspaper, Al-Riyadh. This represents a six-month pull back from the January 2017 date circulated in local media last week, which was set six-month following the publication of the executive regulations in the official gazette in June 2016. More clarity is needed as to whether the June date corresponds to the publication of the executive regulations or the date at which the law will come into effect. (Bloomberg)
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