Malaysia legislation
Section 5
Section 5
Amendment of section 34
(a)
by substituting for paragraph (k) the following paragraph:
“(k) an amount equal to the expenditure incurred by the relevant person in the relevant period for sponsoring any local or foreign arts or cultural activity approved by the Ministry of Culture, Arts and Tourism:
Provided that the amount deducted in respect of expenditure incurred for sponsoring those activities shall not in aggregate exceed three hundred thousand
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Finance ringgit of which the amount deducted in respect of expenditure incurred in sponsoring foreign arts or cultural activities shall not exceed two hundred thousand ringgit;”;
(b)
by substituting for paragraph (m) the following paragraph:
“(m) an amount equal to the expenditure, not being capital expenditure, incurred by a company in the relevant period for the purposes of—
(i)
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; or
(ii)
obtaining accreditation for a laboratory or as a certification body, as evidenced by a certificate issued by the Department of Standards Malaysia:
Provided that the expenditure incurred in the relevant period shall be deemed to be incurred by that company in the basis period for the year of assessment in which the certificate is issued;”;
(c)
in paragraph (n), by substituting for the full stop at the end of subparagraph (ii) the words “; and”; and
(d)
by inserting after paragraph (n) the following paragraph:
“(o) an amount equal to the expenditure incurred by a company in the relevant period for participating in international standardization activities approved by the Department of Standards Malaysia.”.
Amendment of section 34A