Finance Act 2017 Malaysia Pdf

Corporation tax charge for financial year 2018.

Finance act 2017 malaysia pdf. The finance act 2017 india ministry of law and justice legislative department new delhi the 31st march 2017 chaitra 10 1939 saka the following act of parliament received the assent of the president on the 31st march 2017 and is hereby published for general information. Similar to 2016 domestic demand and private investment are projected to be the key drivers of growth in 2017. Finance act 2017 2017 chapter 10 an act to grant certain duties to alter other duties and to amend the law relating to the national debt and the public revenue and to make further provision in connection with finance. This is coupled with a fiscal deficit goal of 3 of gross domestic product reduced from 3 1 in 2016.

Malaysia s targeted growth trajectory for 2017 is still set at an admirable 4 5 as compared to forecast global growth of 3 4. Starting rate limit for savings for tax year 2017 18. This act may be cited as the finance act 2017. On 1st february 2017 bill no 12 of 2017 the finance bill 2017 a bill to give effect to the financial proposals of the central government for the financial year 2017 2018.

Default and savings rates of income tax for tax year 2017 18. Section 3a of the control of betting and lotteries act 1969 is amended by deleting that section and substituting the following new section 3a 1 a person who receives prize winning. The finance act no. See section 1 an act of parliament to amend the law relating to various taxes and duties and for matters incidental thereto enacted by the parliament of kenya as follows part i preliminary 1.

21st june 2017 date of commencement. This act may be cited as the finance act 2016. 1 this act may be called the finance act 2017. Finance 5 an act to amend the income tax act 1967 the petroleum income tax act 1967 the real property gains tax act 1976 the labuan business activity tax act 1990 and the goods and services tax act 2014.

Laws of malaysia act 812 finance act 2018. Control of betting and lotteries act 1969 2. Main rates of income tax for tax year 2017 18. Be it enacted by parliament in the sixty eighth year of the republic of india as follows chapter i preliminary 1.

Chapter i preliminary short title 1. 27th april 2017 most gracious sovereign e your majesty s most dutiful and lo yal subjects the commons of the united. 15 of 2017 date of assent. Enacted by the parliament of malaysia as follows.

This act shall commence on the 1st day of january 2017. Property gains tax act 1976 act 169 the labuan business activity tax act 1990 act 445 the service tax act 2018 act 807 and the sales tax act 2018 act 806 are amended in the manner specified in chapters ii iii iv v vi vii and viii respectively.