Windfall Profit Levy Bill Passed Unanimously


 
Eleven MPs presented suggestions and debated the bill in the Dewan Rakyat. (Bernama pic)KUALA LUMPUR: The Windfall Profit Levy (Amendment) Bill 2020 to amend the Windfall Profit Levy Act 1998 (Act 592) was passed unanimously in the Dewan Rakyat today.
Winding up the debate on the bill, deputy finance minister Mohd Shahar Abdullah said the government did not make the decision to impose the windfall profit levy in haste, as it was always looking at the broad ecosystem of the commodity industry and companies in the country.
“The finance ministry will also consider other proposals such as inheritance tax, capital gains tax, and tax on other commodities, and will not make any decisions without holding engagement sessions,” he said.
The bill was mooted to develop existing provisions and introduce new provisions to improve the administration of the windfall profit levy.

In tabling the bill, Shahar said it had four clauses which, among others, empowered the minister to remit the whole or any part of the levy payable.
The amendment was also made to empower the Customs director-general to remit the whole or any part of the penalty payable under Act 592.
In terms of financial implications, the bill does not involve any additional government spending.
Eleven MPs presented suggestions and debated the bill.
Meanwhile, deputy finance minister Yamani Hafez Musa proposed two resolutions, including for the government to transfer RM16.5 billion from the balance of Malaysian Government Investment Issues (MGII) receipts from January to August 2021, to the Development Fund under Section 3(1) of the Government Funding Act 1983 (Act 275).
He also proposed that the government transfer RM7 billion from the balance of MGII receipts from January to August 2021 to the Covid-19 Fund under Section 3(1) of Act 275 and Section 4(2) of the Temporary Measures for Government Financing (Coronavirus Disease 2019 (Covid-19)) Act 2020 (Act 830).
The two resolutions aim to support the economic stimulus packages and economic recovery plans as well as development expenditure. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/10/windfall-profit-levy-bill-passed.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Kn

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Govt Gives Pledge On Ruu355 Bill To Limit Propagation Of Non Muslim Faiths

Govt Gives Pledge On Ruu355 Bill To Limit Propagation Of Non Muslim Faiths

papar berkaitan - pada 6/10/2021 - jumlah : 229 hits
Minister in the prime minister s department Idris Ahmad says two religious bills to be tabled in Parliament will only focus on the Muslims KUALA LUMPUR The religious rights of non Muslims will not be affected by the proposed RUU355 and the ...
Three Bills And 12mp Passed Dewan Rakyat Adjourns Sine Die

Three Bills And 12mp Passed Dewan Rakyat Adjourns Sine Die

papar berkaitan - pada 13/10/2021 - jumlah : 250 hits
The First Meeting of the Fourth Session of the 14th Parliament which sat for 17 days came to a close today Dewan Rakyat Speaker Azhar Azizan Harun when conducting the afternoon session said the meeting was adjourned sine die which means wit...
12mp Passed In Dewan Rakyat With Voice Vote

12mp Passed In Dewan Rakyat With Voice Vote

papar berkaitan - pada 8/10/2021 - jumlah : 299 hits
PARLIAMENT The 12th Malaysian Plan has been passed in the Dewan Rakyat today with a voice vote Prime Minister Ismail Sabri Yaakob had tabled the 12MP in Parliament on Sept 27 announcing that the government will allocate RM400 billion for ex...
Wan Junaidi S Bill Will Redefine Meaning Of The Federation

Wan Junaidi S Bill Will Redefine Meaning Of The Federation

papar berkaitan - pada 9/10/2021 - jumlah : 224 hits
De facto Law Minister Wan Junaidi Tuanku Jaafar s bill to amend the Federal Constitution will redefine the meaning of the federation According to MPs who attended Wan Junaidi s lunchtime briefings in Parliament yesterday the bill seeks to a...
Strengthen Ipcc Bill With Greater Investigative Powers Says Maria Chin

Strengthen Ipcc Bill With Greater Investigative Powers Says Maria Chin

papar berkaitan - pada 13/10/2021 - jumlah : 243 hits
Pakatan Harapan s Maria Chin Abdullah and Kasthuri Patto favour the Independent Police Complaints and Misconduct Commission over the Independent Police Conduct Commission PETALING JAYA Petaling Jaya MP Maria Chin Abdullah wants the governme...
Facebook Profit Over Safety

Facebook Profit Over Safety

papar berkaitan - pada 5/10/2021 - jumlah : 222 hits
Facebook Profit Over Safety WASHINGTON The whistleblower who shared a trove of Facebook documents alleging the social media giant knew its products were fuelling hate and harming children s mental health revealed her identity today in a tel...
Anak Bill Gates Dilapor Kahwin Dengan Pemuda Muslim

Anak Bill Gates Dilapor Kahwin Dengan Pemuda Muslim

papar berkaitan - pada 19/10/2021 - jumlah : 437 hits
Anak perempuan pengasas Microsoft Bill Gates iaitu Jennifer Gates baru baru ini melangsungkan perkahwinan bersama suaminya Nayel Nassar dalam majlis bercirikan Islamik lapor The National News Kedua dua pasangan mempelai itu meraikan hari ba...
Bill Clinton Released From Hospital After Suffering From Sepsis

Bill Clinton Released From Hospital After Suffering From Sepsis

papar berkaitan - pada 18/10/2021 - jumlah : 165 hits
Bill Clinton Released From Hospital After Suffering From Sepsis Bill Clinton Released From Hospital After Suffering From Sepsis
Copytrade Bersama Cikgu Lee Jana Profit Setiap Bulan

Copytrade Bersama Cikgu Lee Jana Profit Setiap Bulan

papar berkaitan - pada 8/10/2021 - jumlah : 315 hits
Copytrade Bersama Cikgu Lee Jana Profit Antara 5 15 Setiap Bulan Tanpa Perlu Buat Apa Apa Peluang Untuk Menjana The post appeared first on
Sarawak And Malaysia Can T Afford Escalating O G Disputes

Isu Papan Tanda Aneh Dan Pelik Menteri Wilayah Masih Diam

Coffee Is For Closers The Motivational Phrase From Quot Glengarry Glen Ross

Hopes Of The Chinese For Pn

Leveraging Zero Click Searches

Ibu Bapa Elak Pilih Kasih Dengan Anak Anak

Orbit Labels The Parent S Choice For Safe And Sanitary Feeding

Mara Beli Hartanah Terlebih Nilai Di Uk Australia Meskipun Ditolak Mof


echo '';
Memahami Fasa Renjatan Elektrik Yang Selamat dan Berbahaya Untuk Manusia

Info Dan Sinopsis Drama Berepisod Lara Kasih Slot Samarinda TV3

Senarai Lagu Tugasan Konsert Minggu 2 Gegar Vaganza 2024 Musim 11

Keputusan Markah Peserta Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11


Rose Number One Girl Chord

Cinnamon Rolls Klasik Kini Dengan Lotus Biscoff Dan Set Minuman Terbaharu Dari Cinnabon

Creating A Cozy Farmhouse Look Timeless Decor Tips

Will Artificial Intelligence Disappoint

Unlearning Social Stereotypes About Older Adults

Is It Really Good Reading The Newspaper Daily