Malaysia legislation
Section 6
Section 6
Subsection 34(6) of the principal Act is amended—
(a)
in paragraph (h), by substituting for the words “and infrastructure” the words “, infrastructure and information and communication technology”;
(b)
by deleting the word “and” at the end of paragraph (j),
(c)
in paragraph (k), by substituting for the full stop at the end of the proviso the words “; and”; and
(d)
by inserting after paragraph (k) the following paragraphs:
“(l) an amount equal to the expenditure incurred by the company in the relevant period on the provision of a scholarship to a student for any course of study leading to an award of a diploma, or degree
(including a degree at a Masters or Doctorate level)
or the equivalent of a diploma or degree undertaken at a higher educational institution established or registered under the laws regulating such establishment or registration in Malaysia or authorised by any order made under section 5A of the Universities and University Colleges Act 1971
[Act 30]:
Provided that the scholarship—
(a)
shall only be given to a student—
(i)
who is receiving full-time instruction at such higher educational institution;
(ii)
who has no means of his own; and
(iii)
the total monthly income of whose parents or guardian, as the case may be, does not exceed five thousand ringgit; and
(b)
shall not include payments other than payments required by such higher educational institution relating to the course of study, and educational aids and reasonable cost of living expenses during the student’s period of study at such higher educational institution; and
10
(m)
an amount equal to the expenditure, not being capital expenditure, incurred by the company in the relevant period for the purposes of obtaining certification for recognized quality systems and standards, and halal certification, evidenced by a certificate issued by a certification body as determined by the Minister:
Provided that the expenditure incurred in the relevant period shall be deemed to be incurred by the company in the basis period for the year of assessment in which the certificate is issued.”.
Amendment of section 39