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PR Newswire
02-06-2013, 11:15 PM
So the Iskandar story is looking less attractive now? 
The Star/Asia News Network
Sunday, Jun 02, 2013
Johor to raise taxes on properties owned by thousands of foreigners
Link: http://business.asiaone.com/news/johor-r...foreigners
JOHOR BARU - 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.
"Some of the local councils have conducted property evaluations in the last few years and this includes the Johor Baru City Council who last did a property evaluation in 1991.
"Taxpayers need not worry about the evaluations as property taxes will be retained for lower priced properties," he said, adding higher taxes might be imposed for properties worth in the millions.
Mr Mohamed Khaled said the state had no intention of increasing the financial burden of the people but also needed to increase the returns to ensure that the local councils can provide better facilities and services for the locals.
The Star/Asia News Network
Sunday, Jun 02, 2013
Johor to raise taxes on properties owned by thousands of foreigners
Link: http://business.asiaone.com/news/johor-r...foreigners
JOHOR BARU - 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.
"Some of the local councils have conducted property evaluations in the last few years and this includes the Johor Baru City Council who last did a property evaluation in 1991.
"Taxpayers need not worry about the evaluations as property taxes will be retained for lower priced properties," he said, adding higher taxes might be imposed for properties worth in the millions.
Mr Mohamed Khaled said the state had no intention of increasing the financial burden of the people but also needed to increase the returns to ensure that the local councils can provide better facilities and services for the locals.
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