CORONAVIRUS | PM urges private landlords to take a cue from government-owned companies.
Private landlords who slash rental for commercial tenants by at least 30 percent can offset that amount when paying income tax.Announcing this today, Prime Minister Muhyiddin Yassin said landlords must share the burden currently faced by the country.
"I urge landlords to emulate the government by reducing rent during the movement control order period and three months after," he said. He said landlords can seek tax relief equivalent to the amount of rental forgone from April until June. Muhyiddin said government or government-linked company-owned premises have already waived or offered discounts on rent.
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