Malaysia legislation
Section 84
Section 84
Notwithstanding anything contained in any written law, other than this Act, for the time being in force relating to income tax, for the year of assessment 1968 and subsequent years of assessment—
(a)
income derived from petroleum operations; and
(b)
dividends paid by any company out of its income derived from its petroleum operations, shall not be chargeable to tax under such other laws.
Petroleum (Income Tax)
125
FIRST SCHEDULE
DEDUCTIONS FOR CAPITAL EXPENDITURE
ON EXPLORATION
Qualifying exploration expenditure