The Cabinet Wednesday decided to extend its previous order by which lands and apartments would benefit from fee and tax exemptions until March 31, 2022.
The order would exempt lands and apartments from sale tax and registration fees, and fees for passing property to heirs would be also exempted from registration fees.
It was also decided to exempt the first 150 square metes of a house from registration fees, irrespective of the house’s size. The tax on the extra square meters in a house will be slashed by 50 percent, the order highlights. Nevertheless, only Jordanians will benefit from the order.
As for lands, the registration and tax fees will be also cut by 50 percent to spur investments and breathe life into the market.
Source: jordan News Agency