The stamp duty for the property purchase amounted to slightly over RM 1 million. Our application for a stamp duty exemption was initially turned down because the Calvary Convention Centre was viewed as a profit making project. We made an
appeal and explained to the authorities what the convention centre will be used for. The Lord favoured us once again and the authorities granted us a 50% stamp duty exemption.
Praise the Lord. The development plans for Calvary Convention Centre were submitted to the authorities for approval in April 2004. With great rejoicing, we received approval from the authorities in July 2005. This process took a mere one and a half years. According to people in the industry, to get approval in such a short time for a project of this size of Calvary Convention Centre is indeed astounding. Soon after the development plans wereapproved, we also received
approval from the tax authorities for the Calvary Convention Centre Building Fund to be tax exempt.
EDYES @ edyesdotcom