EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Remission of tax and stamp duty
The Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 2) Order 2023 [P.U.(A) 216] was gazetted on 18 July 2023. The Order provides that any tax payable under the ITA and any stamp duty payable under the Stamp Act 1949 in relation to the following shall be remitted in full:
(a) Syndicated Islamic Revolving Credit Facility obtained or will be obtained by Tenaga Nasional Berhad from CIMB Islamic Bank Berhad and Maybank Islamic Berhad (RC-i Facility); and
(b) Guarantee provided by the Government of Malaysia in relation the RC-i Facility
The Order came into operation on 19 July 2023.