June 8, 2025
Fixed Assets

Penang extends exemption from land, parcel tax penalty arrears until May 31

GEORGE TOWN: Penang has extended the 100% exemption on quit rent and parcel rent penalty arrears for all land and parcel owners in the state who make payments for the two taxes until May 31 this year. The Chief Minister’s Office, in a statement Friday (Feb 28) announced that the extension of the exemption –

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Operating Assets

Sudden twist in the plot

Many buyers acquire Bangalore Development Authority (BDA) sites as investments. They do not immediately start construction work, leaving the plots vacant. However, the BDA has decided to go stricter and reduced the number of years that the plot can stay vacant before it attracts a penalty to three years from the previous five years. This

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