Land Development Tax Act, 2023 (Act No. 31 of 2023).

This Act provides for the levy and collection of land development tax for agricultural and non-agricultural land. Section 3 states that the government may prescribe the rates, limits and conditions of land development tax on agricultural land and tea plantations. Section 4 requires that the lands of the country shall be classified into several classes for the purpose of determining the rate of land development tax of non-agricultural land. Section 5 gives the power to the government to exempt any person or class of persons from paying such tax. Section 6 provides for the manner of assessment of tax in case of division of plot due to inheritance or if there are several owners. Section 8 makes provision for collection of taxes electronically and by bank deposit. Section 9 lays down the procedure for collection of arrears of any land development tax. Section 15 provides for determination of the land development tax by the officer. Sections 16 and 17 allow for review and appeal respectively.