Day: August 23, 2016

Releases from the RMCD — Revised guides updated, 22 August 2016

Releases from the RMCD — Revised guides updated, 22 August 2016

The Royal Malaysian Customs Department (RMCD) has revised the following guide in its portal:

Industry Guides

• Insurance and Takaful

The Guide on Insurance and Takaful revised as at 22 October 2014 is withdrawn and replaced by the Guide on Insurance and Takaful revised as at 19 August 2016.

Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 4) Order 2016, 22 August 2016

Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 4) Order 2016, 22 August 2016

The abovementioned Order states that any tax payable under the Income Tax Act 1967 and stamp duty payable shall be remitted in full by the Employees Provident Fund Board and the Perbadanan Tabung Pendidikan Tinggi Nasional and any party to whom the agreement is transferred or assigned, in relation to the Murabahah Term Financing Facility Agreement of RM2,200m and the guarantee provided by the Malaysian Government.

The abovementioned Order came into operation on 22 August 2016.