Planning Reform Could Trigger VAT Law Changes on Land Supplies

The Finance Ministry is examining how spatial planning reform could affect VAT on land sales.
The current VAT law relies on local plans and zoning decisions, but does not address new general plans or development completion areas.
This legal gap creates uncertainty about whether land under a general plan counts as building land for VAT.
An amendment to the VAT Act may be needed to clarify the rules.

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.