Malaysia legislation

Section 10

of *PETROLEUM (INCOME TAX) ACT 1967

Section 10

Chargeable petroleum delivered to refinery or gas processing plant

Where in the relevant period any chargeable petroleum of the relevant chargeable person is delivered to a refinery in Malaysia for refining or to a gas processing plant in Malaysia for processing by or on behalf of that chargeable person, an amount equal to the market value of the chargeable petroleum shall be treated as gross income of that chargeable person for that period.