Amendment to Section 131A
Section 131A “Relief other than in respect of error or mistake” is read as follows: Section 131A(1) Where any person who has furnished to the Director General a return for a year of assessment in accordance with subsection 77(1) or 77A(1) and has paid tax for that year of assessment alleges that the assessment relating […]
Amendment of Section 112 – Failure to Furnish Return or Give Notice of Chargeability
Section 112 “Failure to Furnish Return or Give Notice of Chargeability” is read as follows:- Section 112(1) [Penalty for default] Any person who makes default in furnishing a return in accordance with section 77(1) or 77A(1) in respect of any one year of assessment or in giving a notice in accordance with section 77(3), if […]
Amendment of S 154 – Power To Make Rules: Implementation of Domestic and Multinational Top-Up Tax
“Section 154 – Power To Make Rules” is read as follows:- Section 154(1) [Minister’s] The Minister may make rules— (a) providing for the deduction and payment of tax at the source in respect of income from any employment and income of the kind mentioned in paragraph 4(e) and for the recovery of tax which has […]
Amendment of Section 152A: Electronic Medium – Extends the Authorisation Capability to Employees
“Section 152A – Electronic Medium” is read as follows:- 152A(1) [Form prescribed to be furnished electronic transmission] Any person or class of persons— furnish any form prescribed under this Act on an electronic medium or by way of an electronic transmission. 152A(2) [Conditions and specification] For the purposes of subsection (1), the conditions and specifications […]
Amendment of Section 138 – Certain Material to be Treated as Confidential
“Section 138 Certain Material to be Treated as Confidential” is read as follows:- Section 138(1) [Classified person] Subject to this section, every classified person shall regard and deal with classified material as confidential; and, if he is an official, he shall make and subscribe before the prescribed authority a declaration in the prescribed form that […]
New section 134A: Power of Director General to issue Guidelines
Finance (No. 2) Bill 2023 proposed that the Income Tax Act 1967 is amended by inserting after section 134 the following section: “Power of Director General to issue guidelines 134A. (1) The Director General may issue guidelines as the Director General thinks expedient or necessary to clarify the provisions of this Act or to facilitate […]
Amendment of Section 120 – Other Offences
Section 120 Other Offences is read as follows:- s 120(1) Any person who, without reasonable excuse: shall be guilty of an offence and shall, on conviction, be liable to a fine of not less than two hundred ringgit and not more than twenty thousand ringgit or to imprisonment for a term not exceeding six months […]
