New RPGT rates will dampen sales
PETALING JAYA (Dec 31): Malaysia’s revised Real Property Gains Tax (RPGT) rates that take effect from Jan 1, 2019, will dampen market sentiment and sales in the near term, according to industry players.
Putrajaya not planning to impose windfall profit tax, says Guan Eng
KUALA LUMPUR (Nov 27): The Federal Government is not planning to impose any tax on windfall profit, Finance Minister Lim Guan Eng said.
Rosmah and former aide Rizal arrive at KL Sessions Court
KUALA LUMPUR (Nov 15): Datin Seri Rosmah Mansor (pictured), who is currently facing 17 money-laundering and tax evasion charges, has arrived at the Kuala Lumpur Court Complex to face corruption charges allegedly involving an RM1.
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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.
Budget 2019: Property consultant expects more deals closed before higher RPGT kicks in
PETALING JAYA (Nov 2): A property consultant expects a more active real estate transaction now till year end to avoid additional Real Property Gains Tax (RPGT) charges.
Budget 2019: Good news for first-time homebuyers, but not for investors, says Savills Malaysia
PETALING JAYA (Nov 2): The increase in stamp duty rates for the transfer of property valued RM1 million and above as well as the imposition of Real Property Gains Tax (RPGT) on future property sales have increased the entry and exit costs for property ownership which might dampen investors’ interest, said Savills Malaysia managing director Datuk Paul Khong.
Budget 2019: MIPEAC lauds government’s effort to resolve market mismatch problems
PETALING JAYA (Nov 2): Budget 2019 is a very comprehensive budget that encourages homeownership while aiming to resolve the mismatch in property demand and supply, said Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) deputy president See Kok Loong (pictured).
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Budget 2019: No big impact expected from higher RPGT, say industry experts
PETALING JAYA (Nov 2): While the Real Property Gains Tax (RPGT) rate will be increased after the fifth year, industry experts believe it will not adversely impact the property market as the quantum of increase is rather minimal.
BN proposes 3% GST in alternative Budget 2019
KUALA LUMPUR (Nov 2): The Barisan Nasional (BN) opposition coalition has presented its alternative budget for 2019 with an expected government revenue of RM247.
Expect measures to raise homeownership and tackle overhang in Budget 2019, say analysts
PETALING JAYA: Budget 2019 will continue to be geared towards affordable housing policies.
