WAN & COMPANY
  • Home
  • About Us
  • Services
  • Letter Box
  • Career
  • Contact

Tax updates: Real Property Gain Tax ("RPGT")

11/3/2019

0 Comments

 
Picture
Realy Property Gain Tax ("RPGT") is a tax imposed on gains arising from disposal/ sale of real property or shares in Real Property Companies ("RPC").  RPGT rates for disposal from 1 January 2019 are as follows:
Date of disposal
Company
Citizen/ Permanent resident
Non-citizen/ Non-Permanent resident
​Disposal within 3 years after date of acquisition
30%
30%
30%
Disposal in the 4th year after date of acquisition
20%
20%
30%
Disposal in the 5th year after date of acquisition
15%
15%
30%
Disposal in the 6th year after date of acquisition
10%
5%
10%
Both the disposer and the acquirer are required to complete and file RPGT returns within 60 days from the date of disposal to Malaysian Inland Revenue Board ("MIRB").

If you need further clarification, please contact us.

 
Source:
  • http://www.hasil.gov.my/bt_goindex.php?bt_kump=5&bt_skum=5&bt_posi=6&bt_unit=1&bt_sequ=1
  • Singh, H. (2017). 2018 Budget Commentary and Tax Information
  • Photo credits to http://www.malacca.ws/malacca-top-10s/top10-malacca-city-attractions.htm

​

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Letter Box

    Welcome to Letter Box! A tiny space with lots of big ideas to share with everyone! 

    The Mail Room

    November 2020
    October 2020
    September 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    July 2018
    February 2018
    January 2018

Powered by Create your own unique website with customizable templates.
  • Home
  • About Us
  • Services
  • Letter Box
  • Career
  • Contact