{"id":29901,"date":"2017-08-01T21:32:52","date_gmt":"2017-08-01T13:32:52","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=29901"},"modified":"2017-08-01T21:32:58","modified_gmt":"2017-08-01T13:32:58","slug":"tourism-tax-malaysia","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/tourism-tax-malaysia","title":{"rendered":"Here\u2019s What You Need To Know About The New Tourism Tax"},"content":{"rendered":"
Not too long\u00a0ago, Malaysians woke up to the fact that come August 1 this year, they\u2019ll have to pay more when putting up a night at a hotel. Enter, the Tourism Tax (TTx).<\/p>\n
Like all tax-related matters, the move was greeted with mixed reactions. Singaporeans are unfazed, confident that the stronger Singaporean dollar would mitigate the introduction of the new tourism tax<\/a>.<\/p>\n Some Malaysians, however, are not as optimistic. In a report, CIMB Research said TTx could hurt hotel owners<\/a> while the Institute for Democracy and Economic Affairs (Ideas) believed the country\u2019s World Competitiveness rankings will be severely affected<\/a>, citing the tax\u2019s untimely entry into the tourism market.<\/p>\n The good news is Malaysians are exempted from the tax but foreign tourists will have to pay a flat rate of RM10 per night. So here’s what you need to know about the tax:<\/p>\n When the Dewan Rakyat approved the Tourism Tax Bill 2017, Tourism and Culture Minister Datuk Seri Mohamed Nazri Aziz said the tax collected would be in the region of RM654.62 million if the overall occupancy rate for the 11 million \u201croom night\u201d in the country would achieve 60%.<\/p>\n What is room night?<\/p>\n <\/div> Room night, <\/strong>or room\/night, is a measure of occupancy where a room is the unit of measure.<\/p>\n This is opposed to bed\/night occupancy, where one calculates the number of beds in the entire hotel (a room can have more than one) against the nights each of them are booked.<\/p>\n For example: <\/strong><\/p>\n A hotel has 10 rooms each with 2 beds. If 5 separate people book 5 rooms for all 30 days in the month of June, the hotel has a room occupancy or room\/night occupancy of 50% for April.<\/p>\n But there are 20 beds spread out over these 10 rooms. If these same 5 single and separate people booked the 5 rooms for all of April, the bed\/night occupancy would be only 25%, because 5 beds were used out of a possible 20 for June.<\/p>\n<\/span>Breaking it\u00a0down<\/span><\/h2>\n