Govt widens service tax scope to include maintenance and repair jobs
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.
UOA Development earnings down 47% amid lower revenue, higher tax expense
Revenue declined by 34.
Vacancy tax a bad idea – HBA
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.
Govt cuts property tax by 25% for affordable homeowners in Kuala Lumpur, introduces 'Madani Neighbourhood' initiative
The discount will affect more than 25,000 owners under the Rumawip, PR1MA, PPAM and regional residency housing in the city.
Ekovest's 3Q net loss doubles on higher interest, tax expenses
The last time Ekovest fell into the red was in 4QFY2022, with a net loss of RM123.
Tourism and retail groups urge government to withdraw luxury tax plan
The groups believe the proposed luxury tax is a "lose-lose proposition" where the country will "lose foreign tourist arrivals and lose Malaysians from buying locally, coupled with the loss of foreign exchange".
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.
