Malaysia legislation

Section 4

of AKTA KEWANGAN 1986

Seksyen 4

Seksyen 2 Akta Cukai Pendapatan 1967, yang disebut "Akta ibu" dalam Bab ini, adalah dipinda dengan menggantikan tafsiran "approved loan" dalam subseksyen (1) dengan yang berikut:

"approved loan" means—

(a)

any loan or credit made to the Government, State Government (including any loan or credit made to a person other than the Government or State Government where the loan or credit is guaranteed by the Government or State Government), local authority or statutory body; or

(b)

any loan or credit other than a loan or credit of the kind specified in paragraph (a), made to a person where the amount of such loan or credit exceeds two hundred and fifty million ringgit, by a person not resident in Malaysia:

Provided that—

(i)

the loan or credit has been approved by the Minister of Finance; and

(ii)

the loan or credit agreement was executed in Malaysia or where the loan or credit agreement with the prior approval of the Minister was executed outside Malaysia;'.

Read in full context — AKTA KEWANGAN 1986 →