Malaysia legislation
Section 14
Section 14
Amendment of section 60e
(a)
by deleting subsection (5);
(b)
in subsection (6) by deleting the words “or income exempt under subsection (5)”; and
(c)
in subsection (7)—
(i)
by substituting for the definition of “approved operational headquarters company” the following definition:
“approved operational headquarters company”
means a company—
(a)
which carries on a business in Malaysia of providing qualifying services to its offices outside Malaysia or to its related companies outside Malaysia; and
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Finance
(b)
which is approved by the Minister for the purposes of this section;”;
(ii)
by deleting the definition of “foreign company”;
and
(iii)
in subparagraph (a)(iii) of the definition of “qualifying services” by substituting for the words “and components” the words “, components and finished products”.
Amendment of section 65a