PROPERTY NEWS



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#sarawak
Sarawak Receives RM2.58 Million in Tourism Tax Revenue
The Sarawak government has received RM2.58 million in tourism tax revenue which came into force on Aug 1, 2017, said Tourism, Arts, Culture, Youth and Spor...
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clock 05-04-2019
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#malaysia
Banks Should Be More Flexible in Lending - Lim Guan Eng
Finance Minister Lim Guan Eng says the government may introduce a windfall tax for banks unless they turn more flexible in giving out loans. “We want ...
hit 529
clock 20-03-2019
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#BankingInvestment
RM486m Tax Refunds Failed to Be Returned in 2018 — LHDN
The Inland Revenue Board (IRB) or Lembaga Hasil Dalam Negeri (LHDN) of Malaysia said today that 6.2% or RM486.29 million in tax refunds last year failed to...
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clock 19-03-2019
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#BankingInvestment
Property Expert Cautions Govt Against Taxing Long-Time Owners Who Sell Their Homes
A senior chartered property surveyor has urged the government to exempt senior citizens from the real property gains tax (RPGT), saying it is not fair to b...
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clock 21-01-2019
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#BankingInvestment
Malaysia Achieves Record Direct Tax Collection of RM13.72b in 2018
The Inland Revenue Board of Malaysia achieved a new record in direct tax collection last year, with RM13.723 billion collected, which is 11.13% more than ...
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clock 21-01-2019
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#BankingInvestment
RPGT Poised to Impact Long-Term Investors
In the 2019 Budget, among the measures that stood out the most is the imposition of five per cent Real Property Gain Tax (RPGT) on gains from disposal of p...
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clock 11-01-2019
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#BankingInvestment
New RPGT Rates Will Dampen Sales
Malaysia’s revised Real Property Gains Tax (RPGT) rates that take effect from Jan 1, 2019, will dampen market sentiment and sales in the near term, accor...
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clock 01-01-2019
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#BankingInvestment
Finance Ministry: Stamp Duty Exemption for First-Time House Buyers From Jan 1, 2019
First-time homebuyers will be fully-exempted from paying stamp duty for properties up to RM1mil from Jan 1, says the Finance Ministry. Its minister Lim ...
hit 1,395
clock 30-12-2018
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#EastMalaysia
Sabah Tour Companies to Stop Offering Zero Fare Scheme
Sabah tour companies will no longer be allowed to offer zero fare tours in view of numerous problems and losses occurred by tour agents in the state. Mi...
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clock 10-12-2018
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#WestMalaysia
Departure Levy Likely to Affect Malaysia's Tourism Industry
The implementation of the departure levy on all passengers departing Malaysian airports is expected to affect tourist arrivals to the country. Institute...
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clock 01-12-2018
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#tax
No to Bigger Share of Tourism Tax to Sabah, Says Tourism Minister
The federal government will retain the current system of splitting tourism taxes equally between Putrajaya and the states, said Tourism, Arts and Culture M...
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clock 28-11-2018
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#WestMalaysia
'Digital Tax Only on Services, Not on Transactions'
The recently announced digital tax will only apply on services offered online that requires a payment to the company, not on transactions made, said tax ad...
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clock 24-11-2018
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#EastMalaysia
Sabah Passes Bill to Amend Land Law to Enable Tax Collection
The State Legislative Assembly has passed a bill to amend the Land Ordinance, refining the definition of “land” and bringing Sabah closer to getting ba...
hit 309
clock 16-11-2018
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#EastMalaysia
Govt Urged to Rethink 5% RPGT Hike
The government has been urged to reconsider revising the real property gains tax (RPGT) rates by 5%. PricewaterhouseCoopers Taxation Services senior exe...
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clock 12-11-2018
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#WestMalaysia
Analysts Hail New Property Gains Tax
The Federal Government has taken positive measures to raise revenue without taxing the lower- income group in Budget 2019, says KPMG Tax Services Sdn Bhd e...
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clock 08-11-2018
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#WestMalaysia
Government Says New Tax Won't Burden People
The new tax to be announced in the 2019 Budget tomorrow will not burden the people, said Deputy Finance Minister Amiruddin Hamzah. He said the introduct...
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clock 02-11-2018
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#WestMalaysia
Ministry Plans to Seek Share of Tourism Tax
The Ministry of Tourism, Arts and Culture plans to apply for a certain amount of allocation from the revenue collected from tourism tax to be used as addit...
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clock 19-10-2018
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#WestMalaysia
Higher Property Stamp Duty on Foreigners Proposed to Increase Govt Coffers
Maybank Kim Eng Research senior economist Chua Hak Bin suggests the government impose higher property stamp duty on foreigners in the upcoming Budget 2019....
hit 186
clock 11-10-2018
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#WestMalaysia
SST Exemption Not Expected to Do Much to Correct Property Imbalance
The Sales and Services Tax exemption on construction materials is not expected to lead to big enough savings that would be meaningful to buyers. On Sept...
hit 221
clock 11-10-2018
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#BankingInvestment
We May Have to Come Up With New Taxes, Says Dr M
Putrajaya may need to devise new taxes in order to pay off the country's huge debts, according to Prime Minister Dr Mahathir Mohamad. He said there had ...
hit 299
clock 10-10-2018
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