Malaysia: Income and indirect tax provisions in Finance Act 2023

The Finance Act 2023 became effective 1 June 2023.

The Finance Act 2023 became effective 1 June 2023.

The Finance Act 2023 was published in the official gazette on 31 May 2023 and became effective 1 June 2023.

The Act includes no material differences from the Finance Bill 2023, which was based on the “re-tabled” 2023 budget and its various indirect and income tax proposals. Read TaxNewsFlash

In addition, the special voluntary disclosure program 2.0, which was supposed to commence on 1 June 2023, was postponed to a date that will be announced later.

Read a June 2023 report prepared by the KPMG member firm in Malaysia 


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