Parliament passes three bills relating to windfall profit, sales and service tax

Deputy Finance Minister Datuk Mohd Shahar Abdullah

KUALA LUMPUR: Parliament today approved the Windfall Profit Levy (Amendment) Bill 2022 to amend the Windfall Profit Levy Act 1998.

The bill, which contains seven clauses, among other things, aims to amend the Windfall Profit Levy Act 1998 (Act 592) to give the Finance Minister the power to extend the tax payment period under the act in the event of an emergency or public health crisis.