Penang offers waiver, 50% discount on penalties from land taxes

Free Malaysia Today

The state is offering a 100% waiver on overdue tax penalties for payments made by February 2025, as well as a 50% discount from March to May.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/12/26/penang-offers-waiver-50-discount-on-penalties-from-land-taxes/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/12/26/p-pinang-beri-pengecualian-tunggakan-denda-cukai-tanah-petak/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #ChowKonYeow #Penang #Property #Tax #Waiver

Transcript

00:00Penang is offering a full waiver of penalties for late payments of quit rent

00:05if property owners pay the arrears by February 28, 2025.

00:09The state is also offering a 50% discount on penalties

00:13for those who pay their arrears between March 1st and May 31st.

00:17Chief Minister Chow Kwan Yew said this is aimed at easing land and parcel quit rent burdens

00:22for property owners, while allowing the state to recover some RM40 million in overdue payments.

00:28He revealed there were RM40.1 million in unpaid penalties, involving 107,908 accounts.

00:35If the taxes remain unpaid, property owners risk losing their land.

00:39Chow said the waiver and discount are only for lump-sum payments

00:42and do not apply to those paying their dues through installment plans

00:46or those who have already settled their overdue penalties.

00:49This offer is available to all landowners and apartment and condo medium owners,

00:53including those who have received penalty notices.

00:56Natasha Biest, FMT News.

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