RPGT Act definition
Examples of RPGT Act in a sentence
Each of the Vendor and the Purchaser undertakes to comply with the provisions of the RPGT Act by submitting within the time stipulated by the Director-General of Inland Revenue, the relevant return forms to the Director-General of Inland Revenue (“DGIR”) (and where necessary, shall forward a copy thereof to the other Party) and comply with all necessary directions that may be issued by the DGIR in respect thereto.
The Shareholders hereby warranty and undertake to pay and remit the RPGT retention sum amounting to RM8,013.00 which is equivalent to 3% of the Purchase Price to the Director General within the prescribed timeline under the RPGT Act in the event that the Shareholders failed to obtain the exemption letter for the RPGT from the Director General or Inland Revenue Board.