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Property tax hikes must be gradual and fair, Housing Minister Nga stresses - Malaysia now

Summary by Malaysiajournal
IPOH, Nov 24 — Property tax reassessment must prioritise the public’s welfare, ensuring that tax rates are not increased drastically, as such hikes could burden citizens. Housing and Local Government Minister Nga Kor Ming emphasised that the government proposes a gradual increase in property taxes, taking current inflation rates into account. He explained that, for instance, property tax rates should only be raised by two to five per cent every …
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