29.08.2008 - Taxation regime for REITs in Malaysia
From Thestar.com: Streamlining and reducing the withholding tax could provide a boost to the domestic real estate investment trust industry.Would a tax regime in a country be able to promote the real estate investment trust (REIT) industry? Malaysia currently has 13 REITs in the market (compared with 19 in Singapore and seven in Hong Kong).The following are the overriding salient features of the tax regime in Malaysia for REITs. Tax transparency:This refers to the REIT not being subject to income tax and in Malaysia, this applies so long as the REIT has distributed at least 90% of its taxable income to investors for the year. This lessens the administrative burden at the REIT level since tax is not paid by the REIT.Taxing investors directly at the tax rates applicable to them also leads to a more efficient method of taxation..... Full Article: Source
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