Malaysia legislation
Section 30A
Section 30A
(a)
the amount of exploration expenditure incurred by that chargeable person in relation to petroleum operation in that period; and
(b)
such particulars as may be required by the Director General.
(1A)
For the purposes of this section, a chargeable person shall furnish to the Director General a return in the prescribed form on an electronic medium or by way of electronic transmission in accordance with section 82A.
(2)
For the purposes of subsection (1)—
(a)
the first exploration period of the chargeable person shall be the period that commences on the date the petroleum
*NOTE—The Companies Act 1965 [Act 125] has since been repealed by the Companies Act 2016
[Act 777] which comes into operation on 31 January 2017–see subsection 620(1) of Act 777.
52
agreement is signed, or on such other date as may be determined by the chargeable person with the approval of the Director General; and
(b)
each exploration period shall be a period of twelve months except in the case of the first exploration period or final exploration period, where the period may be less than twelve months.
(3)
In this section, “exploration period” means a period or periods prior to the first basis period of the chargeable person.
Amendment of return