JOHOR BAHARU, June 3- The Johor Government will impose a new tax rate on about 130,000 foreign ownership of property in the state, which varies from the rate imposed on local ownership.
Menteri Besar Datuk Seri Mohamed Khaled Nordin (photo) said the move was to boost earnings for the local authorities while enhancing services to residents.
“The time has come for the state government to look at foreign ownership in the state because our people in other countries are also imposed a different tax rate.
“So, we are initially starting with the property tax rate,” he told reporters after visiting the Permas zone here today.
Mohamed Khaled, who is also Permas state assemblyman, was confident that the local people would agree with the decision as it would provide returns for them while foreigners must learn to appreciate their ownership of property here.
Meanwhile, he said the state local authorities would re-assess the value of properties in their respective jurisdiction to determine the tax rate to be collected.
He said the last assessment was made in the ’80s, adding that the prevailing property value was now higher.
On the Permas zone, Mohamed Khaled said RM4 million had been allocated to rehabilitate the area, besides sealing and widening existing roads and building new ones.
– BERNAMA
