Malaysia legislation
Section 21
Section 21
(a)
generally for the purpose of carrying out, or giving effect to, the provisions of this Act;
(b)
for the purpose of implementing or facilitating the operation of an arrangement having effect under section 132, 132A,
132B or 132C of the Income Tax Act 1967;
(c)
providing for the scope and procedure applied in relation to any ruling made under section 17B; and
(d)
prescribing fees charged in relation to any ruling made under section 17B.
(2)
The regulations made under this section may prescribe a penalty of a fine not exceeding one million ringgit or imprisonment for a term not exceeding two years or both for any contravention or failure to comply with any of the provisions of the regulations.
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