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Exco: Terengganu incurs RM82.5 million revenue losses following assessment tax exemption

Publish date: Wed, 29 Nov 2023, 05:51 PM

KUALA TERENGGANU: The state government's decision to exempt assessment tax payment on residential premises from 2018 to this year has resulted in Terengganu incurring revenue losses of RM82.5 million.

State Housing and Local Government Committee chairman, Wan Sukairi Wan Abdullah, said the assessment tax exemption was in line with Pas' manifesto in the 14th General Election (GE-14) in 2018.

"As soon as Pas won Terengganu in GE-14, we abolished the assessment tax payment to fulfill what was promised.

As a result, the state lost RM82.5 million that should have been collected by the seven local authorities (PBT)," he said in response to an oral question from Khazan Che Mat (Bersatu-Seberang Takir) who wanted to know the amount of revenue that the state government should have collected since the implementation of the manifesto, at the state assembly sitting today (November 29).

In reply to Khazan's supplementary question of whether the state government intends to implement targeted assessment in the future, Wan Sukairi said this was being considered, adding that there were several other proposals which would also be reviewed before a final decision is made.

"We have received several suggestions to implement targeted tax assessment based on specific methods as the state is losing a significant amount of revenue," he said.

Based on data, he said the amount of assessment tax payment that should have been collected in 2018 was RM9.7 million; 2019 (RM12.73 million); 2020 (RM13.87 million); 2021 (RM14.56 million); RM15.27 million last year, and RM16.38 million for this year. - Bernama

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