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Arbitrary Rule Change To RPGT
How arbitrary rule change affects house buying decision As a foreigner buying a house in Malaysia, what are the important factors to consider when making that decision? There are many important factors to consider such as: #1 top of the list is will we have arbitrary rule change governing foreigners buying Malaysia properties. #2 what…
Invest In Malaysia, More Reasons Before Deciding
Invest in Malaysia or not, first reason laid out Invest in Malaysia or not, one has to consider this important reasons which is mentioned in my first post. This is the arbitrary rule change on the RPGT in 2018. One of the additional rule has left foreign investors hanging high and dry. This is the…
Be Careful On Immigration Matters
Good to be careful always From many of my earlier postings, the moral of the story is to be careful when it comes to immigration matters or dealing with Malaysia Immigration. This is especially so with foreigners such as Singaporeans. Singaporeans are by and large more trusting and also more affluent. They make good victims.…
A Bad Case For The 7% Retention Sum For RPGT
How the 7% retention sum came about The 7% retention sum is part of the tax obligation for foreigners selling Malaysia property. In my previous post, I have mentioned that this is a new amendment law to the RPGT by the ex-Finance Minister, Mr Lim Guan Eng in 2018 when he was newly elected then.…
RPGT and Retention Sum Policy and Refund
RPGT and Retention Sum policy Real Property Gain Tax (RPGT) and Retention Sum policy was a trap for foreigner who bought properties in Malaysia. Its aim is to make foreigners lose their hard-earned money to help the Malaysia coffers that had been depleted. I had written two earlier posts that explained on the RPGT here…
RPGT Retention Sum Abuses Foreign Investors
RPGT retention sum abuses foreign investors is written for foreigner disposing Malaysia property. It is especially so when relating to residency, investments, taxes and bureaucracy. You will be guided through what is RPGT Malaysia LHDN. Writing from my experiences and encounters with LHDN, I laid out the facts to support my unpleasant experience. At the…