KUALA LUMPUR, Oct 26 — The Dewan Negara today approved the Windfall Profit Levy Bill 2020 which is aimed at improving the administration of windfall profit levy.
“I truly hope that today the government has met what was wanted by industry players to give justice in this bill. These amendments were also made following engagement with industry players. He said the bill empowers the finance minister and Royal Malaysian Customs Department director-general to remit the whole or any part of the penalty payable.
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