KUALA LUMPUR (Oct 11): The government will introduce a new tax band for those earning over RM2 million a year, which will see them taxed 30% — two percentage points more than the 28% currently applied to those earning over RM1 million.
KUALA LUMPUR (Oct 11): Finance Minister Lim Guan Eng said the Cabinet has approved the takeover of four highways in the Klang Valley, namely the Shah Alam Highway (KESAS), Damansara-Puchong Highway (LDP), Sprint Highway and the SMART Tunnel.
KUALA LUMPUR (Oct 11): The government has proposed to continue developing the currently on-hold Bandar Malaysia project (pictured), after having negotiated for better terms.
PETALING JAYA (Oct 11): The government will revise the real property gains tax (RPGT) imposed on the disposal of properties after a five-year period, by individual citizens and permanent residents.
Rent-To-Own scheme To assist those who are unable to pay 10% deposit and to secure the access of home purchase financing, the government will be working with financial institutions to introduce a Rent-To-Own (RTO) scheme.
PETALING JAYA (Oct 11): The government today has proposed to lower the minimum price threshold for the foreign purchase of high-rise property specifically condominiums and apartments in urban areas, from RM1 million currently to RM600,000 effective 2020.
KUALA LUMPUR (Oct 11): The 2020 Budget deficit target has been revised to 3.
Total debt, liabilities expanded to 77% of GDP, versus 75.
RM10 million towards a joint Government-UN Sustainable Development Goals (SDG) fund to co-finance SDG initiatives in Malaysia.
To support the development and improvement of basic infrastructure in new villages, the government will provide RM85 million in 2020.
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