Malaysia legislation

Section 15

of AKTA KEWANGAN 1990

Seksyen 15

Jadual 4A kepada Akta ibu adalah dipinda dengan memasukkan, selepas perenggan 7, perenggan yang berikut:

"7A. This Schedule shall not apply to a company—

(a)

for the period during which the company—

(i)

has been granted pioneer status under the Promotion of Investments Act 1986 in respect of a promoted activity or promoted product and is applying or intends to apply for the grant of a pioneer certificates; or

(ii)

has been granted pioneer certificate under the Promotion of Investments Act 1986 in respect of a promoted activity or promoted product and whose tax relief period has not ended or ceased;

(b)

for the period prescribed under paragraph (b), (c) or (d) of section 29 (2) of the Promotion of Investments Act 1986 in respect of a promoted activity or promoted product for which the company has been granted approval under section 27 of that Act; or

(c)

for the period during which that company, notwithstanding the repeal of the Investment Incentives Act 1968—

(i)

has been given approval under section 5, $ 1 2^{\mathrm{A}} $ or $ 1 2^{\mathrm{B}} $ of that Act and whose tax relief period has not ended; or

(ii)

has been given approval under section 26 of that Act and incurs capital expenditure which qualifies for investment tax credit.".