FMM objects to quit rent rate in Pahang
Published on: Saturday, January 18, 2020
By: Bernama
KUANTAN: The Federation of Malaysian Manufacturers (FMM) Eastern Branch objects to the hefty hike in quit rent for industrial and business landowners in Pahang, which came into effect this year.In this regard, FMM Eastern Branch Chairman Kua Jit How urged the Pahang state government to re-consider the new rate.
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“The drastic increase of the quit rent has caused concerns to the manufacturers in Pahang because it was done without proper consultation with the stakeholders.
“Although FMM is supportive of the state government’s review of the quit rent, it is concerned about the impact of the sudden increase of between 28.57 per cent to 3,288.18 per cent,” he said in a statement here, Friday.
Kua said the increase without proper consultation with the manufacturers would also have a negative impact on investors.
“The increase of the quit rent should be done in a transparent manner with the aim to ensure fair and competitive market practices for the benefit of manufacturers, investors and the state,” he said.
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Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail was reported last Saturday as saying that the state government was ready to consider appeals from industry players who felt that the new quit rent was too high.
He said owners of plantations, industrial lands and businesses could submit appeals to the Pahang Land and Mines Office along with supporting documents.
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The appeals, according to him, will be brought to the Appeal Committee Meeting to be set up soon.
Wan Rosdy said Pahang last reviewed the quit rent rate in 2007 and that the new tax rate had been meticulously researched. – Bernama
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