News about tax

KUALA LUMPUR (Dec 16): Local furniture players, many of whom are lamenting that they are having a tough year with most experiencing a drop in domestic sales, are keeping an optimistic outlook for next year.

JOHOR (Nov 26): The Kulai Municipal Council (MPKu) has reviewed its property assessment tax for next year most folk under its jurisdiction will benefit from it.

GEORGE TOWN (Nov 12): Exempting low and middle-income families from Penang's hike in assessment tax is a better move than deferring the rate increase, state assemblyman for Machang Bubok Lee Khai Loon said.

KUALA LUMPUR (Nov 1): Failure to settle outstanding assesment tax has led to 25 premises being raided by the Ampang Jaya Municipal Council (MPAJ).

PETALING JAYA (Oct 31): Budget hotels are hoping that an app will help them to counter the increasing popularity of Airbnb accommodation online travel agencies.

KUALA LUMPUR (Oct 29): Tun Dr Mahathir Mohamad today offered a sarcastic apology on his blog, as he "confessed" that he was party to the creation of the solution to help the country overcome the problems wrought by the 1997-98 Asian Financial Crisis, which he admitted benefitted a few tycoons.

KUALA LUMPUR (Oct 15): The sales and services tax (SST) coverage could be widened on the condition that it does not end up raising the cost of living and becoming a burden to Malaysians, according to the Ministry of Finance.

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.

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.

KUALA LUMPUR (Oct 10): Putrajaya does not plan to get rid of the Real Property Gains Tax (RPGT) for the time being “as it has not reached the one-year implementation period”, the Finance Ministry said, The Star reported today.