Call for moratorium on property taxes

Sarkunan Subramaniam : To cushion the economic hit caused by the Covid-19 pandemic, governments in other countries have rolled out supporting policies to shore up business confidence,

PETALING JAYA: Property consultants are urging the government to consider a moratorium on quit rent and assessment tax for the second half of 2020, due to the Covid-19 pandemic which is affecting businesses everywhere.

Knight Frank Malaysia managing director Sarkunan Subramaniam said offering such a moratorium would be one of the quickest ways to reduce business cost.