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BUSINESS • 26/06/2026 03:45 PM

Service Tax Exemption Eases Financial Impact On Non-residential Buildings Management - MIPFM

KUALA LUMPUR, June 26 (Bernama) -- The government’s decision to exempt Service Tax on service charges and sinking fund contributions for non-residential buildings will help ease the financial impact on the management of non-residential stratified properties, said the Malaysian Institute of Property and Facility Managers (MIPFM).

MIPFM, in a statement today, said the tax exemption, effective July 1, 2026, provides greater certainty for property owners, businesses, and management bodies when planning their operational and maintenance expenditures.

“We welcome and commend the government's decision to exempt Service Tax on service charges and sinking fund contributions for non-residential buildings.

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“The exemption is a significant and timely measure that addresses concerns raised by the property and facility management industry regarding the financial impact of the tax on property owners, businesses, joint management bodies, management corporations, and building occupiers,” it said.

MIPFM president Ishak Ismail said the exemption reflects the government’s commitment to engaging with industry stakeholders and taking into consideration the operational realities faced by the property management sector.

"We sincerely thank the government, especially the Ministry of Finance and the Royal Malaysian Customs Department, for their willingness to listen to the industry's concerns and to implement a practical solution that benefits the wider community.

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“This decision demonstrates the government’s commitment to evidence-based policymaking through constructive engagement with stakeholders,” he said.

Furthermore, MIPFM expressed its continuing commitment to working closely with the government and relevant agencies to promote sound policies, strengthen industry practices, and enhance the standards of professional property and facility management.

“We will continue to keep our members informed of any further implementation guidelines or clarifications issued by the relevant authorities,” it added.

-- BERNAMA

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