News about IRB

PETALING JAYA (March 16): Overnight stays in Amsterdam (pictured) booked via the Airbnb platform rose by 25% in 2017 despite limits on the number of days owners may list their properties and other requirements, reported Reuters.

KUALA LUMPUR (March 14): MK Land Holdings Bhd said the RM80.

PETALING JAYA (Feb 6): High-rise residential projects have seen stronger demand in Sarawak, according to Malaysian Institute of Estate Agents (MIEA) Sarawak branch chairman Datuk Alex Ting.

PETALING JAYA (Jan 25): Short-stay leasing platform Airbnb (pictured) said it will continue to work closely with the relevant authorities to craft and implement clear and fair regulations governing short term rentals in Malaysia, it said in a statement today.

PETALING JAYA (Jan 22): All property transactions in Malaysia that use cryptocurrency are still liable for real property gains tax (RPGT), said the Inland Revenue Board (IRB) CEO Datuk Seri Sabin Samitah.

PETALING JAYA (Jan 19): While there is a lack of official statistics, it is not unusual for developers or landlords to default on a guaranteed rental return (GRR) scheme payment, observed lawyer and founding partner of Chee & Associates Lai Chee Hoe.

PETALING JAYA (Jan 19): Owners or operators of residential properties leasing them out for short-term stays on platforms such as AirBnB will have to register with Kuala Lumpur City Hall (DBKL), reported The Star.

PETALING JAYA (Nov 15): The Ascott Ltd (Ascott) is exploring further growth in the home sharing market, said Ascott Singapore & Malaysia regional general manager Ervin Yeo.

Move over, office buildings — connected co-working space is the new beau of office workers.

KUALA LUMPUR (Oct 25): Civil and building construction work firm Lebtech Bhd’s unit has been slapped with a winding-up petition by the Inland Revenue Board (IRB) over about RM1 million in unpaid taxes.