Penang announces increase in land tax starting Jan 1, 2026
Chief Minister Chow Kon Yeow said the percentage increase for the rural housing category was 127.
Property transfers must be reported within 60 days for tax purposes, says IRB
“Prosecution action can also be taken against those who fail to submit the RPGT return form, with fines of up to RM5,000 and imprisonment not exceeding 12 months, or both.
Country Heights gets winding-up petition over RM312,560 tax arrears
The petition was filed under Section 465(1)(e) and Section 466(1)(a) of the Companies Act 2016.
Bina Puri faces two winding-up petitions from IRB over alleged tax debt
Bina Puri Properties Sdn Bhd was served a petition in relation to unpaid taxes amounting to RM849,499, while Bina Puri Sdn Bhd (BPSB) received a separate petition over a larger tax sum of RM4.
SST revision no grounds for hotel rate hikes—MOF
The MOF added that if hotels proceed to raise rates on the pretext of the SST, the government, through the Ministry of Domestic Trade and Cost of Living (KPDN), will examine the matter to prevent unreasonable price increases.
Ekovest narrows 3Q net loss on lower deferred tax expense
On prospects, Ekovest highlighted steady revenue growth from toll collections on Phases 1 and 2 of the Duke Highway and expects to gain further from the full opening of the SPE Highway.
S P Setia records 1QFY2025 profit before tax of RM141 mil, continues to reduce its borrowings by another RM156 mil
Remains committed to achieving its RM4.
Transparency needed before assessment tax hikes
DBKL should treat its underlying problems with financial accountability rather than increase rates that will cause inflation and make the rakyat suffer the domino effect down the supply chain.
AME Elite ekes out tiny quarterly profit on lower tax expenses
“Overall, the board of directors expects the group to achieve better financial performance for FY2025,” AME Elite said.
