Sunday, June 2, 2013

Johor to raise taxes on properties owned by foreigners

JOHOR BARU (ANN): The state government will impose higher tax rates for about 130,000 foreigners who own properties in the state.
Johor Mentri Besar Mohamed Khaled said the rates were still being discussed, but the new rates would be imposed by the end of the year.

"I believe that most locals will be in agreement to this new policy, and it is done to increase our state's returns," he said during a news conference before conducting a walkabout in Permas here on Sunday.
Datuk Seri Mohamed Khaled added that a re-evaluation exercise would also be conducted statewide as the last formal evaluation was done in the '80s.