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Tax Alert Vol. 25 - No. 8_18 April 2022
Remission of tax and stamp duty [P.U.(A) 105/2022]
The Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 3) Order 2022 [P.U.(A) 105] was gazetted on 11 April 2022. The Order provides that any tax payable under the Income Tax Act 1967 (ITA) and any stamp duty payable under the Stamp Act 1949 in relation to the following shall be remitted in full:
(a) Term Financing-i Facility (TF-i Facility) obtained by the Public Sector Home Financing Board from CIMB Islamic Bank Berhad with the aggregate principal amount not exceeding RM1 billion, and
(b) Guarantee given or to be given by the Government of Malaysia in relation to the TF-i Facility