New tax system places onus on property owners - Metro News - News Summed Up

New tax system places onus on property owners - Metro News


Haniza explained that with parcel rent billing, the onus was now on the unit owner to be responsible for paying his own land tax. Previously, the land tax was divided and paid by unit owners through maintenance fees collected by the buildings’ management. Haniza said Selangor was the first state in Malaysia to implement parcel rent to overcome the problem of unpaid quit rent at high-rises. PTGS registration deputy director Yusri Zakariah said the implementation of parcel rent would also prevent mismanagement and overcharging of quit rent to parcel owners. “Sometimes parcel owners do not know the calculations done by the building management, so they will question the figures.


Source: The Star April 26, 2019 00:00 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */