KUALA LUMPUR, Dec 15 — The Dewan Rakyat today passed the Finance Bill 2021 with a majority voice vote.
He said it involved engagements of the ministry with related parties including preparation of concept paper from the Inland Revenue Board which received comprehensive views from various stakeholders at present. “The MoF remains open to receive all views including establishing a task force between the MoF, tax collection agencies and taxation experts representing various industries to discuss the mechanism to ensure the implementation will be smooth in January 2022.
It is contained under the amendment of the Income Tax Act 1967 and the amendment also included the provision on expenditure for mental health check-ups or consultation done by an individual for personal, spouse or children.