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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