Common use of REAL PROPERTY GAINS TAX Clause in Contracts

REAL PROPERTY GAINS TAX. a) Pursuant to the provision of the Real Property Gains Tax Act, 1976 (hereinafter referred to as “the said Act”) and for the purpose of this sale, the Purchaser shall deduct a sum of equivalent to 3% of the Purchase Price and shall pay the said 3% of the Purchase Price to the Director General of Inland Revenue Malaysia within sixty (60) days from the date of disposal of the Property.

Appears in 185 contracts

Samples: Proclamation of Sale, Loan Agreement, Composite Loan Agreement and Assignment and Power

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REAL PROPERTY GAINS TAX. a) Pursuant to the provision of the Real Property Gains Tax Act, 1976 (hereinafter referred to as “the said Act”) and for the purpose of this sale, the Purchaser shall deduct a sum of equivalent to 3% of the Purchase Price and shall pay the said 3% of the Purchase Price to the Director General of Inland Revenue Malaysia within sixty (60) days from the date of disposal of the Property.

Appears in 71 contracts

Samples: Facility Agreement, Proclamation of Sale, Facility Agreement

REAL PROPERTY GAINS TAX. a) 32.1. Pursuant to the provision of the Real Property Gains Tax Act, 1976 (hereinafter referred to as “the said Act”) and for the purpose of this sale, the Purchaser shall deduct a sum of equivalent to 3% of the Purchase Purchaser Price and shall pay the said 33 % of the Purchase Purchaser Price to the Director General of Inland Revenue Malaysia within with sixty (60) days from the date of disposal of the PropertyProperty provided that the property is auctioned off within 5 years from the date of previous Sale and Purchase Agreement or the purchase price is less than the price under previous Sale and Purchase Agreement.

Appears in 6 contracts

Samples: Tawarruq Facility Agreement, Matter of Property Sale Agreement, Sale Agreement

REAL PROPERTY GAINS TAX. (a) Pursuant to the provision of the Real Property Gains Tax Act, 1976 (hereinafter referred to as “the said Act”) and for the purpose of this sale, the Purchaser shall deduct a sum of equivalent to 3% of the Purchase Price and shall pay the said 3% of the Purchase Price to the Director General of Inland Revenue Malaysia within sixty (60) days from the date of disposal of the PropertyProperty provided that the property is auctioned off within 5 years from the date of previous Sale and Purchase Agreement.

Appears in 2 contracts

Samples: Property Sale Agreement, pdfliner.com

REAL PROPERTY GAINS TAX. (a) Pursuant to the provision of the Real Property Gains Tax Act, 1976 (hereinafter referred to as “the said Act”) and for the purpose of this sale, the Purchaser shall deduct a sum of equivalent to 3% of the Purchase Price and shall pay the said 3% of the Purchase Price to the Director General of Inland Revenue Malaysia within sixty (60) days from the date of disposal of the Property.

Appears in 2 contracts

Samples: Facilities Agreement, Facilities Agreement

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REAL PROPERTY GAINS TAX. a) Pursuant to the provision of the Real Property Gains Tax Act, 1976 (hereinafter referred to as “the said Act”) and for the purpose of this sale, the Purchaser shall deduct a sum of equivalent to 32% of the Purchase Price and shall pay the said 32% of the Purchase Price to the Director General of Inland Revenue Malaysia within sixty (60) days from the date of disposal of the Property.

Appears in 1 contract

Samples: my2-cdn.pgimgs.com

REAL PROPERTY GAINS TAX. a) 32.1. Pursuant to the provision of the Real Property Gains Tax Act, 1976 (hereinafter referred to as “the said Act”) and for the purpose of this sale, the Purchaser shall deduct a sum of equivalent to 3% of the Purchase Purchaser Price and shall pay the said 3% of the Purchase Purchaser Price to the Director General of Inland Revenue Malaysia within with sixty (60) days from the date of disposal of the PropertyProperty provided that the property is auctioned off within 5 years from the date of previous Sale and Purchase Agreement or the purchase price is less than the price under previous Sale and Purchase Agreement.

Appears in 1 contract

Samples: Matter of Property Sale Agreement

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