Cutting double taxation to lower business costs

KUALA LUMPUR (Nov 5): The announcement that exemptions will be granted for specific business-to-business (B2B) service tax from Jan 1, 2019 for registered service tax entities would help lower the costs of doing business by eliminating pyramiding taxation, or the tax-on-tax effect.

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UEM Sunrise to study SST waivers impact on property prices

KUALA LUMPUR (Oct 2): UEM Sunrise Bhd is studying if it is even possible to reduce property prices thanks to exemptions on certain construction materials and services from the Sales and Service Tax (SST) on property prices as any savings may be offset by the rise of other construction costs.

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JPPH proposes Housing Price and Cost Control Committee

PETALING JAYA (October 1): The Valuation and Property Services Department (JPPH) has come up with a suggestion to keep house prices in check — by establishing a Housing Price and Cost Control Committee, to monitor costs involved in housing developments.

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