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Remission of tax and stamp duty
Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (Public Sector Home Financing Board) Order 2023
The Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (Public Sector Home Financing Board) Order 2023 [P.U.(A) 276] was gazetted on 18 September 2023. The Order provides that any tax payable under the Income Tax Act 1967 and any stamp duty payable under the Stamp Act 1949 in relation to the following shall be remitted in full:
a) Business Financing-i Facility (BF-i Facility) obtained by the Public Sector Home Financing Board from Bank Islam Malaysia Berhad with the aggregate principal amount not exceeding RM1 billion (RM1,000,000,000.00); and
b) Guarantee provided by the Government of Malaysia in relation to the BF-i Facility
The Order came into operation on 19 September 2023.
Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (Digital Nasional Berhad) Order 2023
The Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (Digital Nasional Berhad) Order 2023 [P.U.(A) 277] was gazetted on 19 September 2023. The Order provides that any tax payable under the Income Tax Act 1967 and any stamp duty payable under the Stamp Act 1949 in relation to the following shall be remitted in full:
a) Short Term Revolving Credit-i Facility (GGRC-i Facility) obtained by Digital Nasional Berhad from Maybank Islamic Berhad with the aggregate principal amount not exceeding RM2 billion (RM2,000,000,000.00); and
b) Guarantee provided by the Government of Malaysia in relation to the GGRC-i Facility
The Order came into operation on 20 September 2023.