News about tax

KUALA LUMPUR (Nov 11): Airbnb welcomed the government’s decision to expand the tourism tax to include the short-term accommodation industry, adding that the tax would be a fair and sustainable way to raise more revenue for local communities.

The Covid-19 pandemic has not only changed the way people live globally, but also the property landscape across countries.

KUALA LUMPUR (Sept 23): The Inland Revenue Board (IRB) agreed today to settle former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor's (pictured) income tax arrears out of court.

KUALA LUMPUR (Aug 26): Putrajaya’s proposal for a tax on unsold property has been put on the back-burner.

It was recently reported that a vacancy tax on unsold properties may be imposed on property developers to reduce the overhang.

KUALA LUMPUR (Aug 20): Guocoland (Malaysia) Bhd, the property development arm of the Hong Leong Group, has posted its ninth consecutive quarterly loss despite a sharply higher revenue.

KUALA LUMPUR (Aug 19): The Housing and Local Government Ministry (KPKT) is formulating a tax that could be imposed on developers who fail to sell their properties as early as early next year, in an effort to reduce overhang of residential units in the country.

KUALA LUMPUR (Aug 13): There is no need to impose vacancy tax on unsold units of luxury high-rise residences in the Klang Valley as the number remains low, said Deputy Federal Territories Minister Datuk Seri Dr Edmund Santhara Kumar.

Prime Minister Tan Sri Muhyiddin Yassin had said ‘no Malaysian shall be left out under Covid-19 stimulus package’ when he addressed Parliament in the current sitting which commenced on July 13, 2020.

KUALA LUMPUR (July 22): The High Court here today ordered former prime minister Datuk Seri Najib Razak (pictured) to pay the government, through the Inland Revenue Board (IRB), RM1.