Finance Bill 2025 and tax enforcement bill tabled in Dewan Rakyat, proposing amendments to multiple tax acts without additional government spending.
KUALA LUMPUR: Two significant tax bills were tabled for their first reading in the Dewan Rakyat today.
The Finance Bill 2025 and the Measures for the Collection, Administration and Enforcement of Tax Bill 2025 were presented by Deputy Finance Minister Lim Hui Ying.
Lim confirmed that both bills will proceed to their second reading during the current parliamentary session.
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According to Parliament portal documents, the Finance Bill 2025 proposes amendments to five key tax acts.
These include the Income Tax Act 1967, Real Property Gains Tax Act 1976, and Stamp Act 1949.
The bill also covers the Labuan Business Activity Tax Act 1990 and Petroleum (Income Tax) Act 1967.
Similarly, the tax enforcement bill aims to amend the same five tax legislations.
Both proposed laws will not require any additional government expenditure.
The bills represent the government’s latest effort to update Malaysia’s tax framework. – Bernama
