BUDGET 2013: Selling land to foreigners to be completely prohibited

BUDGET 2013: Selling land to foreigners to be completely prohibited

November 8, 2012   02:40 pm

Selling land to foreigners will be completely prohibited from 2013 but will be granted on a lease system, the President proposed a short while ago in his budget speech.

Furthermore, it was proposed that the leased land be taxed 100%.
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