REHDA Wants Residential Property Zero-Rated From GST
Date：2014/11/07
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Its President Datuk Seri Fateh Iskandar Mohamed Mansor said the recommendation would allow developers to claim input tax from the building materials used in their developments.
"In its current form, developers are not allowed to claim input tax and this will inevitably affect house pricing in the long run.
"REHDA shares the same aspiration as the government in providing affordable housing to the people, so we truly hope that the government will take heed of our appeal?," he said in his speech at the official opening of Wisma REHDA here Wednesday.
Fateh Iskandar said REHDA also supports the country's pursuit of sustainability and the government's commitment towards the social agenda of low-cost Bumiputera housing policies.
Nonetheless, he said, the responsibility should not be solely shouldered by the housing industry, but should instead be shared out more equitably.
"To competitively position the housing and property industry as an efficient value adding sector of the economy, we would like to propose that impractical and redundant policies, legislative provisions, guidelines and practices that inhibit progress be reviewed in total," he added.
The introduction or amendments to any policies or regulations must be looked at in a holistic manner and must firstly consider the small and medium enterprise developers, who are the majority players in the country, he said.
"We take cognisance of the fact that any imposition is not intended to punish developers, but the revision of policies and regulations pertinent to the housing and property development of late seems to become tougher and ?burdensome on developers.
"More often than not, these members of ours undertake development in more marginalised locations and this group is often the worst hit when negative measures imposed on the industry are applied across the board," he said.