From January 1, 2023 a 4% fee will be imposed on the proceeds of any lease or transfer of land for any purpose when BPT or GRT do not apply to the transaction.
This land transaction proceeds will shall not apply to a lease made by the Palau Public Lands Authority or a state public lands authority to a Palauan citizen or wholly Palauan owned business entity. However, the fee will apply to any subsequent sublease made by the Palauan citizen or wholly Palauan-owned business entity.
This land transfer tax shall be imposed in addition to PGST for those transactions to which PGST applies.