Land Management: Meeting on Management of Vacant, Fallow and Virgin Lands

After enacting the Law Amending the Vacant, Fallow and Virgin Lands Management Law in 2018, the new bylaws for Vacant, Fallow and Virgin Lands was approved during one year term of the current government. The new law will provide a reasonable rate of insurance premiums for those who are licensed to use vacant, fallow and virgin lands and setting the rates for annual land taxes.

It was said by Chairman of the Central Committee on Management of Vacant, Fallow and Virgin Lands Union Minister U Tin Htut Oo at the coordination meeting of the Central Committee on Monday. The meeting focused on insurance premium rate for the right to use vacant, fallow and virgin lands, the rates for further collection of annual land tax from the licensees and issues related to setting the land tax rate for vacant, fallow and virgin lands which are licensed by the government for other legal activities and the full collection of land taxes.