This Law amends the principal Law by specifying anew all cases in which no land right transfer tax is due, all subjects that are exempt from the same tax, the rates of land right transfer tax, and the method of payment. Tax rates are specified for land used for agriculture, forestry, and aquaculture. Article 14 concerns also the transfer of land use rights for agricultural of forestry production to specified subjects and exchange of land.
Amends: Law governing taxes on land use right assignment. (1994-06-22)
The FAO Legal Office provides in-house counsel in accordance with the Basic Texts of the Organization, gives legal advisory services to FAO members, assists in the formulation of