KUALA LUMPUR (Bernama) - The windfall profit levy on companies is likely to give short-term gains to the country but could be detrimental in the long term and will send the wrong signal to both local and foreign investors, said the Federation of Malaysian Manufacturers (FMM).
KUALA LUMPUR, Oct 12 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 I Mohd Shahar Abdullah said the government did not make the.