The Edge: Imposing a tax on unsold and vacant properties will be a disaster
It was recently reported that a vacancy tax on unsold properties may be imposed on property developers to reduce the overhang.
Guocoland posts ninth straight quarterly loss, dragged by loss on investment and tax provision
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.
Vacancy tax to imposed on developers as early as 2021 - Zuraida
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.
No need for vacancy tax on unsold luxury high-rise homes in Klang Valley for now, says deputy FT minister
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.
Income tax waivers more meaningful than 'overboard' exemptions
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.
High Court orders Najib to pay RM1.69b in additional taxes to government
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.
TNB commences legal proceedings against IRB for RM1.81b tax assessment
KUALA LUMPUR (July 22): Tenaga Nasional Bhd (TNB) says yesterday it has commenced legal proceedings against the Inland Revenue Board (IRB) over a RM1.
TNB disputes RM1.81b tax assessment from IRB
KUALA LUMPUR (July 15): Tenaga Nasional Bhd (TNB) said it has received a notice of additional assessment for 2018 amounting to RM1.
UK to lift property tax threshold; cut VAT for hospitality sector
LONDON (July 6): In a bid to revive Britain's economy, British Finance Minister Rishi Sunak is mulling to increase the country’s residential property tax threshold to as high as £500,000 (RM2.
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.
