News Formal

Dewan Rakyat passes Income Tax, Labuan Business Activity Tax (Amendment) Bills 2024

  • 📰 malaymail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

KUALA LUMPUR, March 26 — The Dewan Rakyat today passed the Income Tax (Amendment) Bill 2024 and the Labuan Business Activity Tax (Amendment) Bill 2024. The bills were approved...

Lawyers' group slams govt for using 3Rs to justify use of Sedition Act, reminds Pakatan of its previous stand

The bills were approved after the third reading by Deputy Finance Minister Lim Hui Ying after the committee considered the proposed motion without any amendments. It involves sections 1 to 9 to implement amendments for the improvement of tax policy and administration. Among them, section 2 aims to replace the definition of “capital asset” in subsection 2 Act 53, and section 3 aims to amend section 15c of Act 53 to clarify the disposal of shares in a controlled company.These amendments to sections 2, 3, 4, 8, and 9 will come into effect upon the enactment of this Act.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dewan Rakyat passes Money Services Business (Amendment) Bill 2024KUALA LUMPUR: The Dewan Rakyat has passed the Money Services Business (Amendment) Bill 2024 with more affirmative votes. It was approved after the thi...
Source: theSundaily - 🏆 25. / 51 Read more »