Thursday, December 11, 2014
GST on Maintenance Fees
Apparently the exemption on GST for maintenance fees is only for low and medium costs apartments. But today's article in the Malaysian Insider says that is not so. Low and medium cost apartment dwellers or their owners will still have to pay GST as a result of the pass on effect from their vendors. Doesn't this bode even worse news for the "normal" and higher end condominiums? Not only will GST be imposed on their maintenance fees but they will also increase their GST as a result of higher costs from their vendors.
- See more at: http://www.themalaysianinsider.com/malaysia/article/flat-residents-have-to-pay-gst-for-maintenance-despite-exemption#sthash.TUJNbbsU.dpuf