Finance (No. 2) Bill 2023
Following the tabling of the 2024 Budget, the Finance (No. 2) Bill 2023 was released on 7 November 2023 incorporating further details on some of the announcements made in the Budget as well as some additional proposals. The Finance (No. 2) Bill 2023 includes proposed amendments to the following Acts:
- Income Tax Act 1967
- Labuan Business Activity Tax Act 1990
- Real Property Gains Tax Act 1976
- Stamp Act 1949
- Petroleum (Income Tax) Act 1967
- Sales Tax Act 2018
- Service Tax Act 2018
- Tourism Tax Act 2017
Our Finance (No. 2) Bill 2023 Highlights are intended to provide a general overview of the key proposed tax changes covering direct taxes, real property gains tax, stamp duty as well as indirect taxes such as sales tax, service tax and tourism tax. It should not be used or relied upon as a substitute for detailed advice or as a basis for formulating business decisions.
The Finance (No. 2) Bill 2023 Highlights and relevant reading materials can be accessed via the link above.
Petaling Jaya Office
Soh Lian Seng
Partner - Head of Tax and Tax Dispute Resolution
lsoh@kpmg.com.my
+ 603 7721 7019
Ng Sue Lynn
Partner - Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271
Tai Lai Kok
Partner - Head of Corporate Tax
ltai1@kpmg.com.my
+ 603 7721 7020
Bob Kee
Partner - Head of Transfer Pricing
bkee@kpmg.com.my
+ 603 7721 7029
Long Yen Ping
Partner - Head of Global Mobility Services yenpinglong@kpmg.com.my
+ 603 7721 7018
Outstation Offices
Penang
Evelyn Lee
Partner - Penang Tax
evewflee@kpmg.com.my
+603 7721 2399
Ipoh
Crystal Chuah Yoke Chin
Associate Director - Ipoh Tax
ycchuah@kpmg.com.my
+603 7721 2714
Kuching & Miri
Regina Lau
Partner - Kuching & Miri Tax
reglau@kpmg.com.my
+603 7721 2188
Kota Kinabalu
Titus Tseu
Executive Director - Kota Kinabalu Tax
titustseu@kpmg.com.my
+603 7721 2822
Johor
Ng Fie Lih
Partner - Johor Tax
flng@kpmg.com.my
+603 7721 2514