Analysts hail new property gains tax


THE Federal Government has taken positive measures to raise revenue without taxing the lower- income group in Budget 2019, says KPMG Tax Services Sdn Bhd executive director Evelyn Lee.

Lee said the government’s plan to increase the Real Property Gains Tax (RPGT) for properties to be disposed in the sixth year to 10% from 5% now was less contentious than expanding the base for the capital gains tax.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Government , Northern Region , budget

   

Next In Metro News

Floods: DBKL takes swift action
Floods strike Kuala Lumpur following heavy rainfall (Video Inside)
Heavy rain triggers landslide in Taman Melawati
Putrajaya to adopt Shanghai’s smart city management
Wellness festival aims to build healthy lifestyles
Lessons from the Japanese
Four Sibu eateries issued notices for dirty toilets, kitchens
Making Australia’s largest city a hub for adventures Down Under
Restaurant chain celebrates nine years of serving Malaysian comfort food
From food waste to cleaning products

Others Also Read