Union Tax Law approved without tax amnesty clause

Parliament yesterday approved the Union Tax Law for 2018 after omitting a tax amnesty clause proposed by the government. The proposal was rejected after five meetings among MPs, government officials and businessmen. Instead, a separate law on tax amnesty will be drafted. The government had originally proposed that resident citizens and non-resident citizens with undisclosed […]

Ministries to hold power over BOT condominium sales

Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday. The Condominium Law passed last month opens the real estate market to foreign buyers for the first time, but makes no mention of BOT developments. This has […]