The Cabinet yesterday approved a recommendation to reduce infrastructure tax from BD12 to BD10 per square metre, provided the fee is paid in full at the time permit is issued, based on recommendations by the Government Executive Committee, chaired by the Crown Prince.
The session, chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, also approved facilitating financing from commercial banks through building permits system “Benayat” in instalments, while also keeping the option to pay in three instalments at a rate of BD12 per square metre .