Section 21

dengan menggantikan perenggan 1 dengan perenggan yang berikut:

"1. Where a company which is resident in Malaysia—

has been in operation for not less than twelve months;

has incurred in the basis period for a year of assessment capital expenditure on a factory, plant or machinery used in Malaysia for the purposes of a qualifying project; and

has shown an increase in productivity in the basis period for that year of assessment or in the basis period for the following year of assessment, there shall be given to the company for that year of assessment a reinvestment allowance of an amount equal to sixty per cent of that expenditure:

Provided that such expenditure shall not include capital expenditure incurred on plant or machinery which is provided wholly or partly for the use of a director, or an individual who is a member of the management, or administrative or clerical staff.";

dalam perenggan 1A dengan memasukkan selepas perkataan "which" perkataan "has been in operation for not less than twelve months and";

dengan menggantikan perenggan 2 dengan perenggan yang berikut:

"2. An allowance under paragraph 1 or 1A shall be given in respect of capital expenditure incurred in the basis periods for five consecutive years of assessment beginning from the year of assessment for the basis period in which the capital expenditure was first incurred.";

dengan memasukkan selepas perenggan 2 perenggan yang berikut:

"2A. Where an asset is disposed of at any time within two years from the date of acquisition of that asset, an allowance given under paragraph 1 or 1A in respect of that asset shall be deemed to have not been given to the company to which it would otherwise be entitled.";

dengan menggantikan perenggan 3 dengan perenggan yang berikut:

"3. Where an allowance is given to a company under paragraph 1 or 1A for a year of assessment, so much of the statutory income of that business of that company for that year of assessment as is equal to the amount of the allowance (or to the aggregate amount of any such allowances as the case may be) but not exceeding seventy per cent of the statutory income shall be exempt from tax for that year of assessment:

Provided that where the qualifying project is located within the States of Sabah, Sarawak, the Eastern Corridor of Peninsular Malaysia and such other areas which the Minister may from time to time determine or where the qualifying project has achieved the level of productivity as prescribed by the Minister, the amount to be exempt shall be equal to the allowance (or to the aggregate amount of any such allowances as the case may be) but not exceeding the statutory income for that year of assessment.";

dengan menggantikan perenggan 4 dengan perenggan yang berikut:

"4. Where, by reason of the restriction of the allowance to seventy per cent of the statutory income or of an insufficiency or absence of statutory income from a business of the company for the basis period for a year of assessment, effect cannot be given or cannot be given in full to any allowance or allowances to which the company is entitled under this Schedule for that year of assessment in relation to the source consisting of that business, so much of the allowance or allowances as cannot be given for that year shall be given to the company under this Schedule for the first subsequent year of assessment for the basis period for which there is statutory income from that business, and for subsequent years of assessment until the company has received the whole of the allowance or allowances to which it is so entitled.";

dalam perenggan 6—

dengan memasukkan selepas perkataan "this Schedule," perkataan "where paragraph 2A applies or";

dalam perenggan 7—

dengan menggantikan subperenggan (b) dengan subperenggan yang berikut:

"（b) for the period prescribed under section 29(2), $ 2 9{\mathrm{A}}(3), $ $ 2 9{\mathrm{B}}(2), $ $ 2 9{\mathrm{C}}(2) $ or $ 2 9{\mathrm{G}}(2) $ of the Promotion

Kewangan of Investments Act 1986 in respect of a promoted activity or promoted product for which the company has been granted approval under section 27, 27A, 27B, or 27F of that Act;"; dan

dengan menggantikan subperenggan 8(a) dengan subperenggan yang berikut:

"（a）a project undertaken by a company, in expanding, modernising or automating its existing business in respect of manufacturing or processing of a product or any related product within the same industry or in diversifying its existing business into any related product within the same industry;"; dan

dalam perenggan 9—

dengan memasukkan selepas takrif "capital expenditure" takrif yang berikut:

' "disposed of" means sold, conveyed, transferred, assigned, or alienated with or without consideration;';