LAND management remains a critical source of income for the Penang government, contributing approximately 40% to 50% of annual state revenue through land tax collections, premium payments, and transaction...
Tag: revenue
THE Penang government has recorded an actual surplus of RM28.66 million as of May 29 this year. This is because the state’s actual revenue of RM342.60 million exceeds...
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Penang seeks fair share of Federal tax revenue, calls for 20% Federal tax allocation to boost development efforts
PENANG is requesting that 20% of the taxes collected by the Federal Government from Penang be allocated to the state government to enhance its development efforts. Chief Minister...
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News/Reports
Yang di-Pertua Negeri urges Penang assemblymen for revenue enhancement strategies
THE Penang government must take proactive steps to implement the ‘State Deficit Projection Reduction Strategy for 2024’ (Strategi Pengurangan Unjuran Defisit Negeri Tahun 2024) while intensifying efforts to enhance...