KUALA LUMPUR (Dec 28): The Dewan Negara today passed five Bills including the Finance Bill 2020, the Customs (Amendment) Bill 2020, and the Excise (Amendment) Bill 2020.
Also passed was the Free Zones (Amendment) Bill 2020 and the Temporary Measures for Government Financing Coronavirus Disease 2019 (Covid-19) (Amendment) Bill 2020.
The Finance Bill 2020 and the Temporary Measures Bill for Government Financing Coronavirus Disease 2019 (Covid-19) (Amendment) Bill 2020 were tabled by Deputy Finance Minister II Mohd Shahar Abdullah.
Meanwhile, the Customs (Amendment) Bill 2020, Excise (Amendment) Bill 2020, and Free Zones (Amendment) Bill 2020 were tabled by Deputy Finance Minister I Datuk Abd Rahim Bakri.
Mohd Sahar said the tabling of the Finance Bill 2020 was for the purpose of amending the Income Tax Act 1967, Real Property Gains Tax Act 1976, Stamp Act 1949, Petroleum (Income Tax) Act 1967, Labuan Business Activity Tax Act 1990, Finance Act 2012 and Finance Act 2018 .
Monday, 28 Dec 2020 06:08 PM MYT
A general view of Dewan Negara at Parliament, Kuala Lumpur September 2, 2020. ― Picture via Twitter
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KUALA LUMPUR, Dec 28 The Dewan Negara today passed five Bills including the Finance Bill 2020, the Customs (Amendment) Bill 2020, and the Excise (Amendment) Bill 2020.
Also passed was the Free Zones (Amendment) Bill 2020 and the Temporary Measures for Government Financing (Coronavirus Disease 2019 (Covid-19) (Amendment) Bill 2020.
The Finance Bill 2020 and the Temporary Measures Bill for Government Financing (Coronavirus Disease 2019 (Covid-19) (Amendment) Bill 2020 were tabled by Deputy Finance Minister II Mohd Shahar Abdullah.
Daily Monitor
Friday December 18 2020
Summary
With a weaker global demand due to the negative effects of Covid-19, the country’s exports are likely to reduce further
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According to Bank of Uganda, the country’s export value was $3,822.99m in the Financial Year (FY) 2019/20, compared to $3962.47m recorded the previous FY2018-2019. This represents a decline of about 3.52 per cent. With a weaker global demand due to the negative effects of Covid-19, the country’s exports are likely to reduce further.
In the recently released Monetary Policy Statement for August, economic growth in FY2020/2021 is projected to be in the range of 3.0 per cent to 4.0 per cent.
Wednesday, 16 Dec 2020 05:26 PM MYT
Deputy Finance Minister I, Datuk Abd Rahim Bakri is pictured at Parliament in Kuala Lumpur November 4, 2020. Bernama pic
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KUALA LUMPUR, Dec 16 Three customs-related bills, namely, the Customs (Amendment) Bill 2020, Excise (Amendment) Bill 2020 and Free Zones (Amendment) Bill 2020 were passed at the Dewan Rakyat today.
Deputy Finance Minister Datuk Abd Rahim Bakri when tabling the amendments for the Customs Act 1967 for the second reading said it aimed to improve, standardise and update the existing provisions by adding new provisions so that tax legislation is more transparent, efficient and in line with the current changes on tax policies.
Dewan Rakyat passes three customs-related bills theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.