Following the last report in the Axcelasia, Taxand Malaysia, Insights newsletter Vol.6 of 2017, the following legislation was gazetted on 29 December 2017 to incorporate the proposals in the 2018 Budget:
Finance (No.2) Act 2017
Income Tax (Amendment) Act 2017
Labuan Business Activity Tax (Amendment) (No.2) 2017
In addition , various gazette orders have been issued. Some of these are:
Income Tax (Automatic Exchange of Financial Account Information) (Amendment) Rules 2017
Income Tax (Set-Off for Tax Charged on Actuarial Surplus under Takaful Business) Rules 2017
Income Tax (Country-by-Country Reporting) (Amendment) Rules 2017
Labuan Business Activity Tax (Country-by-Country Reporting) Regulations 2017
Income Tax (Advance Pricing Arrangement) (Amendment) Rules 2017
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