MCT falls into the red in 1Q on hedging losses and lower sales
KUALA LUMPUR (July 1): Property developer MCT Bhd recorded a net loss of RM21.
Court to take a month to decide on summary judgment in Najib's RM1.69b tax suit
KUALA LUMPUR (June 22): The Kuala Lumpur High Court will reserve judgment until a later date over an application made by the Inland Revenue Board (IRB) for a summary judgment in the RM1.
Prosecution's appeal against COA allowing Ku Nan to change judge in RM1m graft trial fixed on July 17
PUTRAJAYA (June 19): The Federal Court has fixed July 17 to hear the prosecution's appeal against the Court of Appeal (COA)'s decision to allow former Federal Territories minister Datuk Seri Tengku Adnan Tengku Mansor's bid to change the judge presiding over his RM1 million graft trial.
Time to lift property cooling measures, says Rehda president
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.
Shall we go tax-free for a year?
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.
MIPEAC calls for urgent property market stimulus
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.
COVID-19 & MCO: 10 key tax questions answered
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.
MIEA: RPGT should be zeroized till the end of the year
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).
MoF announces tax deductions for donations to COVID-19 Fund, Health Ministry
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).
Court to hear IRB's bid for summary judgment against Najib on Apr 17
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.
