TMJ says no issue paying Singapore tax on land sale exceeding RM4b
JOHOR BARU, Sept. 4 -- Johor Regent Tunku Ismail Sultan Ibrahim says he has no reservations about paying a hefty tax bill linked to the planned sale of his 16.6-hectare landholding in Singapore.
The Star reported that Tunku Ismail, who is also the Johor Crown Prince, responded on X to reports of a potential land betterment charge exceeding US$1 billion (RM4.05 billion), saying he had no qualms about paying taxes and contributing to both countries.
"As a regular taxpayer, this is normal. No complication and more than happy to contribute to both countries. Should make it double," he said.
The planned land sale involves parcels on Holland Road that Tunku Ismail owns following a land-swap agreement with the Singapore government in June 202...
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