Compensation for forcefully acquired properties should not be subject to income tax, rules apex court
“No law shall provide for the compulsory acquisition or use of property without adequate compensation.
A guide on rental income tax for residential properties
With a fast approaching deadline on April 30 for manual submission and May 15 via e-Filing, many will be rushing to complete our tax filing.
Budget 2022: Malaysia needs GST to weather turbulence ahead, say experts
KUALA LUMPUR (Nov 2): Panelists at the Malaysian Economic Association (MEA) 2022 Post-Budget Dialogue were mooting for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure under the current tax regime in order to widen the government’s tax revenue base to prepare for turbulent times ahead.
PEPS: Minimal impact of Budget 2022 on property market
PETALING JAYA (Oct 29): Association of Valuers, Property Managers, Estate Agents & Property Consultants in the Private Sector Malaysia (PEPS) president Michael Kong (pictured) says the Budget2022 will bring only minimal impact to the property market.
CBRE | WTW: No waivers and mention of MM2H, a neutral Budget for property sector
PETALING JAYA (Oct 29): CBRE | WTW group managing director Foo Gee Jen (pictured) maintained a neutral outlook for the real estate industry in light of the tabling of Budget 2022 today.
REHDA: Removal of RPGT will help invigorate property market
PETALING JAYA (Oct 29): Real Estate and Housing Developers’ Association Malaysia (REHDA) lauded the government’s proposal to waive real property gains tax (RPGT) for properties sold on the sixth year onwards in the Budget 2022 announcement today.
What you MUST know about Budget 2022: For the real estate sector
KUALA LUMPUR (Oct 29): Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has tabled Budget 2022 today.
Economic Report 2021/2022: Government to consider consumption-based tax in order to reduce reliance on direct taxes
KUALA LUMPUR (Oct 29): The government is currently considering options to reduce the reliance on direct taxes and widen the revenue base by shifting to consumption-based tax under the Medium-Term Revenue Strategy (MTRS) framework.
Apex court sets Feb 16 next year to hear leave to appeal in Najib and son's income tax appeal
PUTRAJAYA (Oct 29): The Federal Court on Friday (Oct 29) fixed Feb 16 next year to hear the appeals of former premier Datuk Seri Najib Razak (pictured) and his son Datuk Nazifuddin Najib over the summary judgement entered against them over unpaid taxes of RM1.
Budget 2022: Hints dropped indicate no major new taxes next year
KUALA LUMPUR (Oct 29): Going by hints dropped by Prime Minister Datuk Seri Ismail Sabri Yaakob, Budget 2022 to be tabled at 4pm on Friday will not only be expansionary and sizeable, but also one that puts the need to quickly return lives and livelihoods back to pre-Covid-19 levels first before executing plans to pare down government debt and beef up tax collection.
