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Waqaf Foundation of Malaysia (YWM) 38 Malaysian Islamic Understanding Institute (IKIM) 39 Malaysian Maritime Enforcement Affairs Division (BHEPMM) 40 Malaysian Syariah Judiciary Department (JKSM) Sabah State Syariah Judiciary Department (JKSN Sabah) 41 National Anti-Financial Crime Centre (NFCC) 42 National Audit Department (JAN) 43
Income Tax Act 1967 [Act 53] Financial Procedure Act 1957 [Act 61] Sales Tax Act 1972 [Act 64] Gaming Tax Act 1972 [Act 65] Accountants Act 1967 [Act 94] Bank Simpanan Nasional Act 1974 [Act 146] Service Tax Act 1975 [Act 151] Islamic Development Bank Act 1975 [Act 153] Real Property Gains Tax Act 1976 [Act 169] Excise Act 1976 [Act 176]
This category includes ministries, departments, agencies, and crown corporations created by the government or Parliament of Malaysia by statute or regulation. It does not include the Yang di-Pertuan Agong (head of state), the Parliament of Malaysia (legislative body), or the federal courts of Malaysia (see Judiciary of Malaysia).
The Royal Malaysian Customs Department (Abbr.; RMCD; Malay: Jabatan Kastam Diraja Malaysia – JKDM; Jawi: جابتن كستم دراج مليسيا ); is a government department body under the Ministry of Finance. RMCD functions as the country's main indirect tax collector, facilitating trade and enforcing laws.
In Malaysia, federal budgets are presented annually by the Government of Malaysia to identify proposed government revenues and spending and forecast economic conditions for the upcoming year, and its fiscal policy for the forward years. The federal budget includes the government's estimates of revenue and spending and may outline new policy ...
Many tax incentives simply remove part or of the burden of the tax from business transactions. In Malaysia, the corporate tax rate is now capped at 25%. Nevertheless, a company eligible for a certain tax incentive might only pay an average effective tax rate of 7.5%, with only 30% of the company's profit being subjected to tax.
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However, after the Perikatan Nasional (PN) coalition took back control of the government during the 2020–2022 Malaysian political crisis, JASA was re-established in 2020, having been rebranded as the Community Communications Department (J-KOM). A government minister claimed that this time, J-KOM will not be used as a pro-government propaganda ...