Malaysia legislation

Section 5

of INLAND REVENUE BOARD OF MALAYSIA (AMENDMENT) ACT 2023

Section 5

Paragraph 28(a) of the principal Act is amended—

(a)

in subparagraph (ii), by deleting the word “or” at the end of that subparagraph; and

(b)

by inserting after subparagraph (iii) the following subparagraphs:

“(iv) an Islamic bank duly licensed under the Islamic

Financial Services Act 2013 [Act 759];

(v)

any other financial institution duly licensed under the Islamic Financial Services Act 2013;

(vi)

a development financial institution duly regulated under the Development Financial Institutions

Act 2002 [Act 618]; or

(vii)

a co-operative society duly registered under the Co-operative Societies Act 1993 [Act 502];”.