KUALA LUMPUR, Nov 18 — The Finance Bill 2025 and the Measures for the Collection, Administration, and Enforcement of Tax Bill 2025 were tabled for the first reading in the Dewan Rakyat today.
Deputy Finance Minister Lim Hui Ying said the second reading will be held during this Parliamentary session.
According to documents published on the Parliament portal, the proposed Finance Act 2025 aims to amend the Income Tax Act 1967, the Real Property Gains Tax Act 1976, the Stamp Act 1949, the Labuan Business Activity Tax Act 1990, and the Petroleum (Income Tax) Act 1967.
The proposed Measures for the Collection, Administration, and Enforcement of Tax Act 2025 aims to amend the Income Tax Act 1967, the Real Property Gains Tax Act 1976, the Stamp Act 1949, the Labuan Business Activity Tax Act 1990, and the Petroleum (Income Tax) Act 1967.
Neither bill will involve any additional expenditure by the government.
