The Finance Bill 2024 is out!
The Finance Bill 2024 is a comprehensive legislative proposal enacted to amend various fiscal and tax-related laws in Malaysia.
Its primary objective is to streamline, update, and enhance the country’s financial, taxation, and regulatory frameworks to align with current economic and social priorities.
The bill proposes amendments to multiple key acts, including:
1. Income Tax Act 1967 – Addressing individual and corporate tax amendments, deductions, and compliance measures.
2. Real Property Gains Tax Act 1976 – Revising property gains and losses tax structures.
3. Stamp Act 1949 – Introducing changes to duties on transactions and documents.
4. Petroleum (Income Tax) Act 1967 – Adjusting provisions related to petroleum income.
5. Finance Act 2012 and Finance (No. 2) Act 2023 – Making revisions to earlier financial legislations.
The amendments aim to enhance tax compliance, provide clarity on taxable transactions, encourage environmental and social responsibility, and align Malaysia’s financial system with international standards.
This legislative effort reflects Malaysia’s commitment to fostering economic growth while addressing fiscal challenges.
2024年财政法案已经出炉！
《2024 年财政法案》是一项全面的立法提案，旨在修订马来西亚各种财政和税收相关法律。
其主要目的是简化、更新和加强国家的财政、税收和监管框架，以适应当前的经济和社会优先事项。
该法案建议对多项主要法案进行修订，包括
1. 《1967 年所得税法》– 涉及个人和企业税收调整、扣除和合规措施。
2. 《1976 年不动产收益税法》– 修订财产收益和损失税结构。
3. 《1949 年印花税法》– 对交易和文件的关税进行了修改。
4. 《1967 年石油（所得税）法》– 调整与石油收入有关的规定。
5. 《2012 年财政法》和《2023 年财政法（第 2 号）》– 对以前的财政立法进行修订。
这些修订旨在加强税务合规性，明确应税交易，鼓励环境和社会责任，并使马来西亚的金融体系与国际标准接轨。
这项立法工作反映了马来西亚在应对财政挑战的同时促进经济增长的承诺。
