News about tax

KUALA LUMPUR (July 17): Retail Group Malaysia has revised Malaysia’s 2018 retail growth rate forecast from 4.

KUALA LUMPUR (June 26): The Malaysian Retail Chain Association (MRCA) is keeping its target for the country’s overall retail sales growth this year at 4.

PETALING JAYA (May 17): Taxation consultants lauded the government’s move of zero-rated GST as it will improve the ease of doing business in Malaysia and lessen the hassle for developers, especially those who have mixed-use developments.

PETALING JAYA (May 17): Hillcrest Gardens Sdn Bhd today announced that with immediate effect, selling prices of its latest development, Hillcrest Heights @ Taman Puchong Utama, will be adjusted downwards by 3% to reflect the savings from the zero-rated Goods and Services Tax (GST) announced yesterday by the new government.

KUALA LUMPUR (April 20): Various tax reliefs have been commonly accorded to mega public infrastructure developments as a government incentive since the 1980s, the Royal Malaysian Customs Department asserted yesterday, following the brouhaha over the granting of goods and services tax (GST) relief for the procurement of materials and services related to the RM55 billion East Coast Rail Link (ECRL) project.

KUALA LUMPUR (April 19): Property developer MK Land Holdings Bhd said today its wholly-owned subsidiary Saujana Triangle Sdn Bhd is being sued by the Inland Revenue Board (IRB) over RM26.

S P Setia Bhd (March 29, RM2.

KUALA LUMPUR (March 29): Property developer S P Setia Bhd has been hit with a tax bill for the second time in less than four months by the Inland Revenue Board (IRB), albeit at a smaller one of RM32.

KUALA LUMPUR (March 14): MK Land Holdings Bhd said the RM80.

  PETALING JAYA (Dec 28): The Selangor government has rebutted claims that high property taxes in the state have driven up the cost of living after the opposition took charge following the general elections in 2008.