Malaysia legislation
Section 9A
Section 9A
(2)
Notwithstanding subsection (1), any company granted pioneer status under section 6, or issued a pioneer certificate under section 7, may at any time surrender such status or certificate by giving a notice in writing to the Minister:
Provided that this subsection shall not apply for the purpose of an application for an investment tax allowance under this Act.
(3)
Where the Minister is satisfied with the reasons for the surrender of such status or certificate under subsection (1) or (2), the Minister may grant it retrospectively, and the surrender shall have effect—
(a)
from the date the pioneer status is granted; or
Promotion Of Investments 37
(b)
in the case of a pioneer company—
(i)
on the date the application for such surrender is received by the Minister; or
(ii)
on the first day in the basis period for the year of assessment of which the application for such surrender is received by the Minister.
Application for additional promoted activity or promoted product