Duty waiver to foreign developers deemed negative


Bala Krishnan Ponnian

PETALING JAYA: Foreign developers in Johor should be taxed on the import of construction materials rather than be granted duty exemption, says an accountant.

Extensive and direct importing of construction material from foreign suppliers for property development in the southern state has stunted growth in the local economy, Moore Stephen Malaysia managing partner Bala Krishnan Ponnian (pic) told StarBiz.

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Business , iskandar , moore stephens

   

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