AKTA KEWANGAN 1998

Seksyen 7,8,14 dan 15 dan perenggan 21(g) hendaklah mula berkuat kuasa pada 1 Januari 1999.

Seksyen 10 hendaklah disifatkan telah mula berkuat kuasa pada 17 Oktober 1997.

Seksyen 18 hendaklah berkuat kuasa apabila Akta ini mula berkuat kuasa.

Perenggan 21(d) hendaklah berkuat kuasa bagi tahun taksiran 1999 dan tahun-tahun taksiran yang berikutnya.

dalam subseksyen (1) dengan menggantikan perkataan "and (3)" dengan perkataan ", (3) and $ (3{\mathrm{A}}) $";

dengan memasukkan selepas subseksyen (3) subseksyen yang berikut:

"（3A）A rebate of four hundred ringgit shall be granted to an individual for a year of assessment in respect of the purchase, evidenced by a receipt, of a personal computer in the basis year for that year of assessment:

Provided that no rebate under this subsection shall be granted to that individual—

for the four following years of assessment;

where the personal computer was used for the purposes of his business; or

where such rebate has been granted to the spouse."; dan

Kewangan

dalam subseksyen (4) dengan menggantikan perkataan "and (3)" dengan perkataan "，(3) and $ (3{\mathrm{A}}) $".

dalam subseksyen (3) dengan menggantikan perkataan "eleven" di mana jua terdapat dengan perkataan "five";

dalam subperenggan (4)(a)(i) dengan menggantikan perkataan "nine" di mana jua terdapat dengan perkataan "five"; dan

dalam perenggan (4)(b) dan (4)(c) dan subseksyen (5) dengan menggantikan perkataan "eleven" di mana jua terdapat dengan perkataan "five".

dalam perenggan (2)(b) dan (2)(c) dengan menggantikan perkataan "eleven" di mana jua terdapat dengan perkataan "five"; dan

dalam subseksyen (3) dengan menggantikan perkataan "eleven" di mana jua terdapat dengan perkataan "five".

dalam perenggan (4)(a) dengan menggantikan perkataan "seventeen" dengan perkataan "nineteen";

dengan memotong perkataan "and" di hujung perenggan (6)(i);

dengan menggantikan noktah di hujung perenggan (6)(j) dengan perkataan "; and"; dan

dengan memasukkan selepas perenggan (6)(j) perenggan yang berikut:

an amount equal to the expenditure incurred by the relevant person in the relevant period for sponsoring any arts or cultural activity approved by the Ministry of Culture, Arts and Tourism:

Provided that the amount deducted shall not exceed two hundred thousand ringgit.".

dengan menggantikan perenggan (1)(d) dengan perenggan yang berikut:

"（d) thereafter, by any deduction falling to be so made pursuant to subsection (8), (9), (10) or (11)."；

dalam subseksyen (6A) dengan menggantikan perkataan "or manuscript" dengan perkataan ", manuscript or painting"; dan

dengan memasukkan selepas subseksyen (8) subseksyen yang berikut:

" (9) There shall be deducted pursuant to this subsection from the aggregate income of a relevant person who is an individual for the relevant year reduced by any deduction for that year in accordance with subsection (1) an amount equal to any gift of money or contribution in kind (the value to be determined by the relevant local authority) made by him in the basis year for that year for the provision of facilities in public places for the benefit of disabled persons.

There shall be deducted pursuant to this subsection from the aggregate income of a relevant person who is an individual for the relevant year reduced by any deduction for that year in accordance with subsection (1) an amount equal to any gift of money or the cost or value (as certified by the Ministry of Health) of any gift of medical equipment made by him in the basis year for that year to any healthcare facility approved by that Ministry, and that amount shall not exceed twenty thousand ringgit.

There shall be deducted pursuant to this subsection from the aggregate income of a relevant person for the relevant year reduced by any deduction for that year in accordance with subsection (1) an amount equal to the value of any gift of painting (to be determined by the National Art Gallery or any state art gallery) made by him in the basis year for that year to the National Art Gallery or any state art gallery.".

dengan menggantikan noktah di hujung perenggan (2)(c) dengan noktah bertindih;

dengan memasukkan selepas perenggan (2)(c) proviso yang berikut:

"Provided that—

where the insurer also carries on life re-insurance business, the life re-insurance business shall be a separate source from life business and shall be treated as a general business; or

dengan memasukkan selepas proviso kepada perenggan (2)(c) perenggan yang berikut:

"（d) where an insurer carries on only life re-insurance business, the life reinsurance business shall be treated as a general business.";

dalam subseksyen (3) dengan memasukkan selepas perkataan "life fund" perkataan ", other than income arising from life re-insurance business,";

dalam subperenggan (3A)(a)(iii) dengan memasukkan selepas perkataan "life fund" perkataan ", other than the surplus from life re-insurance business,";

dalam subperenggan (3A)(b)(ii) dengan memasukkan selepas perkataan "life fund" perkataan ", other than the deficit from life reinsurance business";

dalam subseksyen (4) dengan memasukkan selepas perkataan "the life fund" perkataan "other than income arising from life re-insurance business,";

dalam subperenggan (4A)(a)(iii) dengan memasukkan selepas perkataan "life fund" perkataan ", other than the surplus from life re-insurance business,";

dalam subperenggan (4A)(b)(ii) dengan memasukkan selepas perkataan "life fund" perkataan ", other than the deficit from life reinsurance business";

dengan memasukkan selepas subseksyen $ (5^{\mathrm{B}}) $ subseksyen yang berikut:

The adjusted income for the basis period for a year of assessment from the life re-insurance business of a life insurer resident for the basis year for that year of assessment shall consist of an amount arrived at by applying subsection (5) as if references therein to—

The adjusted income for the basis period for a year of assessment from the life re-insurance business of a life insurer not resident for the basis year for that year of assessment shall, where that business is wholly or partly carried on in Malaysia, consist of an amount arrived at by applying subsection (6) as if references therein to—

dalam subseksyen (1) dengan menggantikan perkataan "twelve" dengan perkataan "six"; dan

dalam perenggan (2)(b) dengan menggantikan perkataan "twelve" dengan perkataan "six".

dengan memasukkan selepas subseksyen (2D) subseksyen yang berikut:

" (2E) Notwithstanding any other provision of this Act, where a dividend is paid, credited or distributed with or without deduction of tax during the basis year for the year of assessment 1998, the amount of the dividend received by the shareholder shall be deemed to be a dividend of such a gross amount as after deduction of tax at the rate of twenty-eight per cent would be equal to—

the amount in fact paid or credited; or

where the dividend consists of property other than money, the amount of the market value of that property at the time of the dividend's distribution, and a sum equal to the difference between that gross amount and the amount mentioned in paragraph (a) or (b), as the case may be, shall be deemed to have been deducted from the dividend as tax."; dan

dengan memasukkan selepas subseksyen (4D) subseksyen yang berikut:

"（4E) In any case where tax has been deducted or deemed to have been deducted at the rate of thirty per cent on any dividend paid, credited or distributed during the basis year for the year of assessment 1998 to which subsection (2E) applies, the compared total shall be determined at the rate of twenty-eight per cent.".

dengan menggantikan subseksyen (1) dengan subseksyen yang berikut:

"（1）Any tax which is deducted from any dividend under section 108 or from any interest or royalty under section 109 or from any payment for services, technical advice, assistance, or rental or other income under section 109B (including any amount recovered by the Director General pursuant to section 109(2) or 109B(2) but excluding any increase thereof) shall, when the dividend, interest, royalty, or payment for services, technical advice, assistance, or rental or other income is gross income of a person from a source of his for the basis period for a year of assessment, be set off against the tax charged on his chargeable income, if any, for that year."; dan

dengan memasukkan selepas subseksyen (1D) subseksyen yang berikut:

"（1E）Notwithstanding subsection (1), where tax on any dividend paid, credited or distributed during the basis year for the year of assessment 1998 has been deducted at the rate of thirty per cent, the tax to be set off under subsection (1) shall be the sum deemed to be the tax deducted from such dividend under section 108(2E)."

dalam Bahagian I—

dalam perenggan 1 dengan memasukkan selepas perkataan "where paragraphs" perkataan "1A,";

dalam Bahagian VIII dengan memasukkan selepas perkataan "life fund" perkataan "，other than income arising from life re-insurance business and inward life re-insurance business，"

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;';

Seksyen 24 hendaklah disifatkan telah mula berkuat kuasa pada 17 Oktober 1997.

Seksyen 27 dan 28 hendaklah mula berkuat kuasa pada 1 Januari 1999.

dalam perenggan (3)(a) dengan menggantikan perkataan "seventeen" dengan perkataan "nineteen"; dan

dengan memasukkan selepas subseksyen (7D) subseksyen yang berikut:

" (7E) There shall be deducted from the relevant gross income an amount equal to the amount of expenditure incurred by the relevant chargeable person in the relevant period for sponsoring any arts or cultural activity approved by the Ministry of Culture, Arts and Tourism:

Provided that the amount deducted shall not exceed two hundred thousand ringgit."

dalam subseksyen (1A) dengan menggantikan perkataan "or manuscript" dengan perkataan ", manuscript or painting"; dan

dengan memasukkan selepas subseksyen (1A) subseksyen yang berikut:

"（1B）The chargeable income of a chargeable person for a year of assessment shall consist of the amount of his assessable income for that year reduced by an amount equal to any gift of money or contribution in kind (the value to be determined by the relevant local authority) made by him in the basis period for that year of assessment to the Government or State Government for the provision of facilities in public places for the benefit of disabled persons.

The chargeable income of a chargeable person for a year of assessment shall consist of the amount of his assessable income for that year reduced by an amount equal to any gift of money or the cost or value (as certified by the Ministry of Health) of any gift of medical equipment made by him in the basis period for that year of assessment to any healthcare facility approved by that Ministry, and that amount shall not exceed twenty thousand ringgit.

The chargeable income of a chargeable person for a year of assessment shall consist of the amount of his assessable income for that year reduced by an amount equal to the value of any gift of painting (to be determined by the National Art Gallery or any state art gallery) made by him in the basis period for that year of assessment to the National Art Gallery or any state art gallery.".

dalam subseksyen (1) dengan menggantikan perkataan "twelve" dengan perkataan "six"; dan

dalam perenggan (2)(b) dengan menggantikan perkataan "twelve" dengan perkataan "six".

Pindaan seksyen 50.

Seksyen 31 dan 32 hendaklah disifatkan telah mula berkuat kuasa pada 17 Oktober 1997.

dengan menggantikan noktah bertindih di hujung sub-subperenggan (2)(b) dengan noktah;

dengan memotong proviso kepada subperenggan (2); dan

dengan menggantikan subperenggan (3) dengan subperenggan yang berikut:

“(3) Bagi maksud perenggan ini, harga perolehan aset yang boleh dikenakan cukai hendaklah—

jika subperenggan (2)(a) terpakai, disifatkan sama dengan jumlah wang yang ditentukan mengikut formula—

$$

\frac {A}{B} x C,

$$

iaitu A ialah bilangan syer yang disifatkan sebagai aset yang boleh dikenakan cukai;

B ialah jumlah bilangan syer terbitan dalam syarikat yang relevan pada tarikh pemerolehan aset yang boleh dikenakan cukai; dan

C ialah nilai tertentu bagi harta tanah atau syer atau keduaduanya yang dipunyai oleh syarikat yang relevan pada tarikh pemerolehan aset yang boleh dikenakan cukai;

jika subperenggan (2)(b) terpakai, ditentukan mengikut perenggan 4 atau 9.".

Perenggan 38(d) dan seksyen 47, 48, 49, 51, 52 dan 53 hendaklah mula berkuat kuasa pada tarikh yang ditetapkan oleh Menteri melalui pemberitahuan dalam Warta.

dengan memasukkan selepas takrif "export" takrif yang berikut:

' "export by air" includes exportation in any manner or by any means by air;';

dengan memasukkan selepas takrif "import" takrif yang berikut:

' "import by air" includes importation in any manner or by any means by air;';

dengan memasukkan selepas takrif "legal landing place" takrif yang berikut:

' "licensed carrier" means a person approved by the Director General to operate vehicles by road for the carriage of any goods in transit or any dutiable goods under this Act or under the Excise Act 1976;'; dan

dengan menggantikan takrif "value" berhubungan dengan barang-barang yang diimport dengan takrif yang berikut:

' "value" in relation to imported goods means customs value as determined under subsection 142(35B);'.

Pindaan seksyen 21.

dalam perenggan (a) dengan memotong perkataan "or" di hujung perenggan itu;

dalam perenggan (b) dengan menggantikan noktah di hujung perenggan itu dengan koma bernoktah dan memasukkan perkataan "or" selepas itu; dan

dengan memasukkan selepas perenggan (b) perenggan yang berikut:

"(c) if they have been cleared by a proper officer of customs at an inland clearance depot or at an inland customs station on their route out of Malaysia through a customs port or airport.".

dalam perenggan (b) dengan memasukkan sebelum perkataan "inland customs station" di mana-mana jua terdapat perkataan "inland clearance depot or"; dan

dengan menggantikan perenggan (c) dengan perenggan yang berikut:

"(c) where the bill of lading, airway bill, invoice or other document covering any such goods landed at a customs port or airport shows them to be consigned to a person at an inland clearance depot or at an inland customs station, such goods may be forwarded by rail or road to an inland clearance depot or to an inland customs station, and such goods shall be deemed for the purposes of this Part, and Part IX, to have first arrived on reaching such inland clearance depot or inland customs station;".

at an inland clearance depot or at an inland customs station where goods are loaded or at the place of export if export is by rail;

at the place of export if export is by road, but the Director General may allow the declaration to be made to a proper officer of customs at an inland clearance depot or at an inland customs station if such export by road is on their route to a customs port or airport or any other place approved by him;

at an inland clearance depot or at an inland customs station or at a customs airport where goods are loaded if export is by air.".

such goods are to be exported by air, sea, rail or in any other manner approved by the Director General;

unnecessary delay will be occasioned in preparing the prescribed form;

such goods are not subject to a drawback claim under sections 93 and 99;

such goods are not prohibited from export; and

the exporter of such goods makes personally or by his agent to a proper officer of customs at the place of export where the provisional declaration was approved, a declaration substantially in the prescribed form within 7 days after the release of such goods.

The provisional declaration referred to in subsection (1) shall give a full and true account of the number, description and quantity, weight or measure, value and destination of such goods.

Paragraphs (a), (b), (c) and (d) of subsection (2) of section 80 shall also be applicable to a provisional declaration under this section in relation to places where such provisional declaration may be made.".

In granting a licence under subsection (1), the Director General may require such security to be furnished as he may consider adequate to cover the customs duty payable on the goods moved and for the faithful and incorrupt conduct of such licensed carrier and of his agents and employees acting for him both as regards the customs and his employers."

Any person who contravenes subsection (1) shall be guilty of an offence and—

communicate such information; or

suffer or permit any person to have access to such information.

Any person who contravenes subsection (1) shall be guilty of an offence.

Notwithstanding subsection (1), it shall not be an offence—

dalam perenggan (e) dengan memotong perkataan "or" di hujung perenggan itu;

dalam perenggan (f) dengan menggantikan koma di hujung perenggan itu dengan koma bernoktah dan memasukkan perkataan "or" selepas itu; dan

dengan memasukkan selepas perenggan (f) perenggan yang berikut:

" (g) being so required under section 87A fails to make a declaration in the prescribed form, within the stipulated period thereunder, of goods exported,".

On an appeal under subsection (1), the court may—