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.
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