Malaysia legislation

Section 4

of EXTENDED CREDIT ACT 1966

Section 4

(2)

Without prejudice to the generality of subsection (1), the

Minister may by order published in the Gazette—

(a)

provide that any tax or duty payable under any written law relating to income tax or stamp duty respectively shall be remitted where such remission is necessary to give full and complete effect to any such arrangement, bond, promissory, note, instrument or guarantee; and

(b)

give such exemptions from exchange control as he considers necessary to any transaction required to give effect to the payment of any sum in accordance with the terms of any such arrangement, bond, promissory note, instrument or guarantee notwithstanding the provisions of any written law relating to exchange control.

8

Act 405

LIST OF AMENDMENTS

Amending law

Short title

In force from

Act A185

Extended Credit (Amendment) Act 30-03-1973 1973

Act A477

Loan (Local) External and Extended 01-02-1980

Credit (Amendment) Act 1980

9

Extended Credit

Act 405

LIST OF SECTIONS AMENDED

Section

Amending authority

In force from 3

Act A185 30-03-1973

Act A477 01-02-1980

KUALA LUMPUR