News about ACCCIM

“Social housing for rentals should become the social housing stock of the nation to provide transit housing for the incoming deserving households.

KUALA LUMPUR (Aug 6): The local Chinese business community remains gloomy on this year’s economic outlook, but over two-thirds of them feel they can survive the challenges brought about by the Covid-19 pandemic.

PETALING JAYA (June 5): The property market stimulus measures announced under the country’s Penjana Short-term Economic Recovery Plan (ERP) today would benefit the domestic market but the country needs foreign investors to help the market recover as well, said the Associated Chinese Chambers of Commerce & Industry of Malaysia (ACCCIM) head of taxation committee Koong Lin Loong (pictured).

PETALING JAYA: The revised Real Property Gains Tax (RPGT) rates that took effect from Jan 1, 2019, may lead to quicker disposals upon the fifth year of holding period as there would be no motivation for longer term investment, said a tax expert.

Following the abolishment of the Goods and Services Tax (GST), the Sales and Service Tax (SST) kicked off on Sept 1 promptly, but without a complete list of chargeable items, surprising many business operators and consumers.

PETALING JAYA (May 17): Taxation consultants lauded the government’s move of zero-rated GST as it will improve the ease of doing business in Malaysia and lessen the hassle for developers, especially those who have mixed-use developments.