Finance Bill 2023 read for second time in Dewan Negara
The proposed enforcement involves the capital gains tax for the disposal of unlisted shares and the global minimum tax as well as the implementation of e-invoicing, said the new Deputy Finance Minister Lim Hui Ying. - BERNAMA/Filepic
KUALA LUMPUR: The Finance Bill (No. 2) 2023 was read for a second time in the Dewan Negara today, which is aimed at enforcing the proposed tax measures announced in Budget 2024.
The proposed enforcement involves the capital gains tax for the disposal of unlisted shares and the global minimum tax as well as the implementation of e-invoicing, said the new Deputy Finance Minister Lim Hui Ying.
"Overall, the bill contains 142 clauses which are divided into 15 chapters to amend 14 Acts of direct and indirect taxes," she said.
For the record, the Dewan Rakyat has approved the Finance Bill 2023 to enforce tax measures, in addition to implementing the government's decision regarding the improvement of tax administration on April 3.
-- BERNAMA
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