http://www.nst.com.my/latest/foreig...hor-will-pay-4-5pc-tax-1.370926#ixzz2h2XGLERt
PASIR GUDANG: The state government will unveil a new policy on foreign buyers of commercial and residential properties here in a bid to control property prices and foreign ownership by the end of the year or early next year.
State Housing and Local Government Committee chairman Datuk Abdul Latiff Bandi told reporters here after launching the two-day Green Industrial 2013 seminar at Amansari Residence Resort here today that foreigners will be imposed a four to five per cent tax based on the value of the property.
"Currently foreign owners have to pay a one-off RM10,000 levy regardless of the price of the property," Abdul Latiff said.
Read more: 'Foreigners who buy property in Johor will pay 4-5pc tax' - Latest - New Straits Times
http://www.nst.com.my/latest/foreig...hor-will-pay-4-5pc-tax-1.370926#ixzz2h2e7uBBu