Malaysia legislation

Section 130

Section 130

Basis of assessment of rate

(2)

If any rate or rates are assessed upon the annual value or holdings such rate or rates shall not exceed—

(a)

thirty-five per centum of the annual value in the case of the rates imposed under section 127;

(b)

(Deleted by Act A865);

(c)

five per centum of the annual value in the case of the rates imposed under section 132.

(3)

If any rate or rates are assessed upon the improved value of holdings such rate or rates shall not exceed—

(a)

five per centum of the improved value in the case of rates imposed under section 127;

(b)

(Deleted by Act A865);

(c)

one per centum of the improved value in the case of rates imposed under section 132.