PROPERTY NEWS

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#Article
5 Ways to Reduce Your Property Taxes

The importance of knowing the taxes, and how you can reduce them as a property owner is vital. You can reduce your taxes by knowing the tax laws and how to...

17-05-2022

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#Article
How to Sell Property in Malaysia

3 steps to sell property from the Letter of Offer to RPGT.

03-08-2021

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#Article
The Ultimate 2021 Tax Guide for Malaysians [Free E-Book]

Do you earn more than RM34,000 annually? If you do, I hope you know what time of the year it is... It's tax season! With one month to go to file your taxes...

15-03-2021

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#Article
Guan Eng: No Inheritance Tax in Budget 2020, Other Tax Measures Unlikely Too

Finance Minister Lim Guan Eng said the government is unlikely to introduce new tax measures in Budget 2020, and inheritance tax is certainly not being cons...

06-08-2019

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#Article
Govt Preparing Tax Incentives for Green Property Developer

In a bid to promote the usage of green building materials in the country, the government is in the midst of dishing out goodies - tax incentives - to devel...

28-06-2019

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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...

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 ...

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...

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...

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 ...

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...

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...

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 ...

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...

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...

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...

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...

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...

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...

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...

08-11-2018


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