Do you still remember the Real Property Gains Tax (RPGT) on all properties sold being announced during the 2010 Budget? Now, there is an alteration on it. The five percent RPGT will now only be applicable to properties that are sold within five years of their purchase, commence on 1st JAN 2010.
Malaysia Budget 2010 was announced on 23rd October 2009 at 5.30 pm, have listened or read what the Prime Minister of Malaysia has mention? If not, you can download the text of of the 2010 Budget speech at Malaysia treasury website: http://www2.treasury.gov.my/index_bi.html
Malaysia Prime Minister and Finance Minister – Datuk Seri Najib Abdul Razak will be announcing the country’s budget for 2010 on tomorrow, 23rd OCT 2009 in Parliament. This will also represent the very first budget for the Prime Minister, and it comes at a most critical time as the country seek to recover from one of the worst global recessions in history.
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