MDC urges govt to not impose additional stamp duty
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MDC urges govt to not impose additional stamp duty
Aug 09, 2012
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KUALA LUMPUR: The Malaysian Developers' Association (MDC) is urging the government not to impose additional stamp duty or make changes to the current Real Property Gains Tax policy.
In a statement Wednesday, MDC said amid a plateauing demand in the residential market and an increase in the supply of commercial office units will only, any change in policy will only negatively impact the housing market and deter foreign investment into the country.
Any changes to the policy will also further discourage foreign investment as well as affect property sales and occupancy rates, it said.
The call was made by the association following the 16th MDC council held recently.
--BERNAMA
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Related Categories: Daily Property News and Updates
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