Malaysia legislation
Section 14A
Section 14A
Extension of tax relief period
(2)
The Minister with the concurrence in writing of the Minister of
Finance shall prescribe in a statutory order published in the Gazette the promoted activity or promoted product and any other requirements for the purposes of obtaining the extension of the tax relief period.
(3)
The extended tax relief period granted under this section shall begin from the date following the end of the tax relief period under section 14 and continue for a period of five years.
(4)
A pioneer company shall make an application in writing to the
Minister for an extension of its tax relief period within thirty days or
Promotion Of Investments 39
such further period as the Minister may allow after the end of its tax relief period under section 14.
(5)
On receipt of an application under subsection (4), the Minister may call for further particulars or any proof of the information given in the application which he considers necessary and—
(a)
if he is satisfied that the company has complied with the requirements of this section, then, with the concurrence in writing of the Minister of Finance, grant the extension of the tax relief period; or
(b)
if he is not so satisfied, shall cause a notice of his refusal to grant the extension to be sent to the company.
(6)
The extension of a tax relief period shall be granted subject to the terms and conditions imposed in the pioneer certificate or the variation of those terms and conditions in the certificate.
(7)
The Minister with the concurrence in writing of the Minister of
Finance may vary the terms and conditions imposed under subsections 7(4) and (5) in the pioneer certificate issued under that section.
No extension of tax relief period for application for pioneer status received on or after 1 November 1991