News about tax

PETALING JAYA (April 17): The effect of property cooling measures imposed since 2014 has been "too effective" and it is perhaps time to remove them, said Real Estate and Housing Developers’ Association (Rehda) president , said Real Estate and Housing Developers’ Association (Rehda) president Datuk Soam Heng Choon.

PETALING JAYA (April 17): The government should seriously consider declaring 2020 a "tax-free year" in light of the economic downturn and the global Covid-19 pandemic that has brought the country almost to a standstill for more than a month.

KUALA LUMPUR (April 3): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has joined recent calls for the government to provide specific stimulus measures for the real estate industry in light of the prolonged slowdown and the impact of the Covid-19 outbreak and ongoing Movement Control Order (MCO) in the country.

In light of the Movement Control Order (MCO), the Inland Revenue Board (IRB) and the Royal Malaysian Customs (RMC) have made various announcements in respect of managing our tax affairs.

PETALING JAYA (March 31): The  Real Property Gains Tax (RPGT) should be zeroized (as it was in 2007) till the end of the year to help boost the already soft real estate market in the country, said the Malaysian Institute of Estate Agents (MIEA).

KUALA LUMPUR (March 24): The Ministry of Finance (MOF) announced several measures following the Economic Action Council (EAC) announcement earlier yesterday, including a tax deduction for donations and contributions made to the COVID-19 Fund and the Ministry of Health (MOH).

KUALA LUMPUR (March 6): The High Court has fixed April 17 to hear the Inland Revenue Board (IRB)’s application to obtain summary judgment against former premier Datuk Seri Najib Abdul Razak over unpaid taxes amounting to RM1.

KUALA LUMPUR (March 5): Two million ringgit was not a big deal for Datuk Seri Tengku Adnan Tengku Mansor because to him it was like “pocket money”, he told the High Court today.

KUALA LUMPUR (March 4): Umno treasurer Datuk Seri Tengku Adnan Tengku Mansor told the court today that he had used his own money first to fund his party in two by-elections in 2016 before being reimbursed a RM2 million cheque by businessman Tan Sri Chai Kin Kong.

KUALA LUMPUR (March 2): The High Court here has dismissed the application from Datuk Mohd Nazifuddin Najib (pictured), the son of Datuk Seri Najib Razak, for a stay of proceedings in the Inland Revenue Board's suit against him to recover RM37.