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Azhar said a total of 24 motions were tabled and debated in the Special Chamber, throughout the session. Photo: BERNAMA

Parliament approved the Windfall Profit Levy (Amendment) Bill 2022 to amend the Windfall Profit Levy Act 1998 - BERNAMA Photo

If there is a constraint in paying tax within the specified period due to lockdowns or closure of business operations, an extension period can be given to provide flexibility for the industry to pay levy without being imposed a late payment levy, says Deputy Finance Minister I Datuk Mohd Shahar Abdullah

A photograph taken on March 9, 2022 shows the logo of BP at a petrol station in the town of Chekhov outside Moscow. - Energy giant BP said on March 8, 2022 it would withdraw from its involvement in Russian gas and oil, including an immediate stop to purchases of crude from the country. (Photo by AFP)

IRB's chief executive officer, Datuk Mohd Nizom Sairi said under the Organisation for Economic Cooperation and Development’s (OECD) proposed global tax reform, tax breaks will be disadvantageous for the destination country as the MNC’s country of origin could claim the tax difference.

Barisan Nasional secretary-general Datuk Seri Zambry Abd Kadir says the Bill is one of the BN commitments as the coalition has proposed it before GE14 to determine issues related to accountability, and transparency in terms of money movement could be put into one process.

Malaysia is among 136 countires announced by the Organisation for Economic Co-operation and Development (OECD) previously as being ready to undertake reform in the global taxation system. - 123RF Photo

(FILES) In this file photo taken on September 5, 2019 Colombian musician Shakira attends the Davis Cup Presentation in New York. - Prosecutors in Barcelona said on July 29, 2022 that they would seek a prison sentence of more than eight years against global music superstar Shakira, after she rejected a plea deal on accusations of tax fraud. (Photo by Bryan R. Smith / AFP)

Universiti Tun Abdul Razak (Unirazak) economist Professor Emeritus Dr Barjoyai Bardai (left) and Universiti Putra Malaysia (UPM) Putra Business School economic analyst Associate Professor Dr Ahmed Razman Abdul Latiff

Spanish prosecutors said they would seek a prison sentence of more than eight years against Shakira, after she rejected a plea deal on alleged tax evasion - (Photo by LOIC VENANCE / AFP)