KUALA LUMPUR: The Dewan Rakyat has passed the Finance Bill 2020 that provides several tax breaks to cushion the impact of Covid-19, as provided for under Budget 2021.
The Bill, which was tabled by Deputy Finance Minister II Mohd Shahar Abdullah, seeks to amend several existing laws such as the Income Tax Act to provide higher tax deductions for those undertaking reskilling courses, and for the purchase of smartphones and computers, as well as for Covid-19 vaccinations.
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