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Remission of tax and stamp duty
The Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 4) Order 2022 [P.U.(A) 322] was gazetted on 11 October 2022. The Order provides that any tax payable under the ITA and any stamp duty payable under the SA in relation to the following shall be remitted in full:
(a) Islamic Commercial Papers and Islamic Medium-Term Notes issued or to be issued by Prasarana Malaysia Berhad (formerly known as Syarikat Prasarana Negara Berhad) pursuant to the Sukuk Murabahah Programme (Sukuk Murabahah) with a nominal value of RM2 billion, and
(b) Guarantee given or to be given by the Government of Malaysia in relation to the Sukuk Murabahah
The Order came into operation on 12 October 2022.