KL to replace land tax with parcel tax in new year | The Malaysian Insight

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KL to replace land tax with parcel tax in new year

Federal Territories Minister Khalid Abdul Samad says switching to the new tax system in Kuala Lumpur follows other states to rationalise taxation and make it more systematic, transparent and equitable for owners. – The Malaysian Insight file pic, December 12, 2019.

THE parcel tax will commence on January 1 in Kuala Lumpur, covering homeowners from the B40 group, Federal Territories Minister Khalid Abdul Samad said today. According to Khalid, the tax will be a flat rate of RM15 and RM20 for leasehold and freehold properties respectively. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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