PETALING JAYA: Maintenance fees for residential stratified properties will be exempted from the Goods and Services tax (GST), said Datuk Ahmad Maslan.

The Deputy Finance Minister said the exemption covered all forms of residential stratified property, including low-cost housing projects, apartments and condominiums.

"The decision was made after taking into account that the maintenance services are not meant to make excessive profits," he told reports after attending a briefing on the GST, the 2015 Budget and current issues for Lembah Pantai residents here Wednesday.

Maintenance fees for residential stratified properties had previously been taxable under GST, but the Government decided on exemption after deliberating on the matter, said Ahmad Maslan.

Source: The Star, 25 February 2015