Penang Chief Minister Chow Kon Yeow has clarified that the revised land tax (quit rent) rates are calculated using a formula based on four factors: whether the land is classified as urban or rural, its size, its current use and the applicable tax rate. Speaking at a press conference in ... Read More

The Penang state government has announced an increase in the quit rent rebate rate for 2026 to 50%, up from the previously announced 32.5%. The move is intended to ease the financial burden on landowners while allowing the transition to the revised quit rent rates to be implemented in a ... Read More

The Penang government has officially gazetted revised quit rent tax rates for the entire state, marking the first adjustment in more than three decades. The new rates, published in the Penang Government Gazette No. 37 on September 11, will come into effect on January 1, 2026. Chief Minister Chow Kon ... Read More

The Penang government is granting a 100 per cent exemption from quit rent and parcel rent penalty arrears to all land and parcel owners in the state who make payments for the two taxes from January 2 to February 28, 2025. The Chief Minister’s Office said in a statement today ... Read More