Malaysia legislation
Section 6
Section 6
Amendment of section 6
(a)
in subsection (1), by substituting for the full stop at the end of paragraph (f) a semicolon; and
(b)
in subsection (1), by inserting, after paragraph (f), the following paragraph:
“(g) (i) subject to subparagraph (ii), income tax shall be charged for each year of assessment upon the chargeable income of an approved operational headquarters company in relation to the source consisting of the provision of qualifying services at the appropriate rate as specified under Part VII of Schedule 1;
Finance 7
(ii)
the rate specified under Part VII of Schedule 1 shall apply only for a period of five years of assessment commencing from the year of assessment in the basis period in which the date of approval of the approved operational headquarters company falls:
Provided that where the Minister is satisfied that the company has by the end of the period met such requirements as may be specified by him at the time of approval, he may extend the period for a further period not exceeding five years of assessment.”.
Amendment of section 19