Increased Tax Retention for Foreign Sellers

Increased Tax Retention for Foreign Sellers

Share this article:With effect from 1 January 2018, section 21B of the Real Property Gains Tax Act 1976 has been amended in respect of ‘foreign sellers’. A ‘foreign seller’ is an individual who neither (i) a Malaysian citizen nor (ii) a permanent resident of Malaysia....
Budget 2018: Tax Exemption for Rental Income

Budget 2018: Tax Exemption for Rental Income

Share this article:As an initiative to increase home-ownership for the nation, the Prime Minister, in the Budget 2018, has allocated RM2.2 billion to the housing development in Malaysia. What comes as a surprise to many is the 50% tax exemption on rental income...