News about tax

“There is this rumour, that supposedly several taxes will be introduced, and one of them is inheritance tax.

The National Investment Council initially proposed a two-year timeframe for the carbon tax to be ready; however, Prime Minister Datuk Seri Anwar Ibrahim rejected it for taking “too long”, Tengku Zafrul said.

The group’s Iskandar Malaysia projects outperformed strongly with RM723 million sales achieved, representing 57% of total year-to-date sales.

“This is to reduce incidents of double taxing or cascading effect from the tax-on-tax imposition on several layers of the logistics supply chain.

On a segmental basis, Ekovest’s revenue from property development tumbled 86.

“Maintenance and repair are very broad terms, it doesn’t just cover air conditioning systems and elevators, it covers laptops too, everything's in there.

The two exclusions are services relating to the maintenance of residential buildings and M&R services of joint management corporations (JMCs), such as building maintenance charges.

Revenue declined by 34.

Imposing a vacancy tax on developers on these properties will not in any way help to resolve the problem and will only result in new houses being more expensive as developers will pass on the cost of any additional taxes to future launches.

The discount will affect more than 25,000 owners under the Rumawip, PR1MA, PPAM and regional residency housing in the city.