PUTRAJAYA: Landowners and property developers, who form joint ventures (JV) to develop land and sell the units, would need to register and submit separate returns under the goods and services tax (GST), said Deputy Finance Minister Datuk Chua Tee Yong (pic).
He said that this was a business arrangement where the landowner agreed that the developer could develop his or her land without transferring ownership of the land title.
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