Yea
OR conditioned that the new shares are not eligible for the DPU from income before the issue.

Yea

More properties, more management fees!  If that is the direction of the manager, its time to relook at this.

So need to declare we got overseas account?
Our income already taxed already what. So declare or don't declare should not make much difference right?

If you have declared all your income generated from malaysia, then you can do nothing. Just ignore

They have already known that you have overseas bank account. So don't need to declare that also

Your overseas income (if subject to tax) should be dealt with by the respective countries' income tax law assuming there is double tax agreement between the country and malaysia

This is the email from the Ketua Pengarah :

If someone has something to hide, then he should be worried now that the countries share information of tax payers

If there is nothing to hide, nothing to worry about. Tax audit is just part of their job and tax payer's responsibility

In the email sent by the pengarah, he clearly said there is nothing wrong with holding overseas account if all income generated in malaysia is declared

Is there other things / circumstances which you are referring to ?

Apparently not only Mr Pua feels so, his bosses also feel so. They are socialist at heart.

So, like you said, capital gain tax, dividend tax, and I would speculate further inheritance and gift tax, increasing income tax bracket on U20 people, luxury goods tax, no petrol subsidy for expensive cars, etc are all on the table. RPGT 5% for properties over 5 years is already in place. All these taxes affects middle and upper income group.

These measure are not only contractionary and detrimental to expending the economy, but will also drive capital away from Malaysia. As a developing country, these measures are not suitable.

I have said before they are stupid politicians because they chose the same road najib took. Najib taxed his supporter with GST. And they also tax their supporters who are middle upper income group.

Instead of tackling the mismanagement in the government department (which we saw buying a torchlight for RM3000 in the audit report), they instead go after their supporters. Government budget is about RM250b per year. Just by saving 20% in expenditure would save the government RM50b per year. That is RM10b more than the collection of GST under Najib. That should be the priority - cut down corruption to save expenditure, instead of expanding the revenue.

I always voted the opposition in my whole life. Looks like I will remain as the opposition supporter in the next election 

They cause me to pay for electricity. Before this I enjoy free electricity.

Fyi, I went to the lhdn office and for me there is nothing for me to declare as the officer said my account is newly opened. I was asked the reason for opening the foreign bank account and source of fund.

No, they did not ask although i have bought my docs along.This is because my account being newly opened. 

However, the officer asked to start  declaring the 'taxable' income for my foreign account next year but I told him my fund is purely from my employment which has already been taxed ? He told me it's ok then,that's all...

I am not sure about that, but those who have received the email,  and have foreign accounts more than 1 year may want to take note on this voluntary declaration.

Also,  they have buntings around the office for volunteer declaration for those taxpayers who had never filed tax or declared taxable income previously,  with 1st tier timeline up to 1st April 2019 to do so and then the penalties gets heavier with the second tier timeline of 1st June 2019 ( I hope I get the dates right, pls check yourself the details). I would expect enforcement after the deadline for this Program Khas Pengakuan Sukarela given the current financial situation. 

I am not sure about the deadline for volunteering declaration for those who have overseas account as this is  not listed in the abovementioned buntings or in the email  if I am not mistaken.

Sorry can't advise you on this as  my foreign account could be too new and the officer didn't bother much.  My experience there could be different compared to others.

Thanks sifu.. Stand by some fund to put some when it listed here.. Good to go?

Thanks

But how can foreigners apply for this?

Cantik.    You added last year?

You picked up keppel KBS but not Manulife? Or you picked both?

Another view of KEP KBS

Keppel-KBS US REIT falls short of IPO forecast with 1Q DPU of 1.50 US cents
By:
Stanislaus Jude Chan
16/04/19, 06:07 pm
SINGAPORE (Apr 16): The manager of Keppel-KBS US REIT (KORE) has announced distribution per unit (DPU) of 1.50 US cents (2.03 cents) for the 1Q19 ended March, unchanged from a year ago.

Actual 1Q19 DPU was 5.1% lower than the IPO forecast of 1.58 US cents, mainly due to an enlarged number of units.

Income available for distribution rose 30.7% to US$12.4 million in 1Q19, from US$9.5 million a year ago.

1Q19 gross revenue grew 24.2% to US$29.4 million, from US$23.7 million a year ago.

This was mainly attributable to contributions from two acquisitions as well as positive rental reversion and healthy leasing momentum.

KORE acquired the Westpark Portfolio in Seattle, Washington in November 2018, and the Maitland Promenade I in Orlando, Florida in January 2019.

Property expenses rose 24.9% to US$11.3 million, from US$9.0 million a year ago. The increase was mainly due to the enlarged portfolio and higher other property expenses such as higher amortisation of lease commissions and additional expenses incurred for snow removal.

Consequently, net property income for 1Q19 was 23.7% higher at US$18.2 million, compared to US$14.7 million in 1Q18.

However, net income for 1Q19 fell 48.7% to US$6.9 million, from US$13.5 million a year ago. This was large due to fair value losses in derivatives (interest rate swaps).

Fair value loss in derivatives amounted to US$3.8 million in 1Q19, compared to a gain of US$3.8 million in 1Q18.

As at end March, cash and cash equivalents stood at US$30.9 million.

KORE’s portfolio committed occupancy stood at 92.1% as at Mar 31, 2019.

The weighted average lease expiry by net lettable area (NLA) for KORE’s portfolio and top 10 tenants was 3.9 years and 5.4 years, respectively.

Looking ahead, KORE manager says the combination of low unemployment, rising wages and low inflation, in addition to the Federal Reserve’s more dovish stance and lower 10-year Treasury yields, points to a favourable operating environment for US REITs.

It notes that the US office market continued to register positive rent growth in 2018.

Against the backdrop of a challenging global macro-economic environment, KORE manager says it will continue to pursue its strategy of optimising its assets and strengthening its income stream.

Units of Keppel-KBS US REIT closed 2.0% lower at 72 US cents on Tuesday.

https://www.theedgesingapore.com/keppel-kbs..._eid=ef481bc352