Malaysia legislation
Section 8
Section 8
Section 44 of the principal Act is amended—
(a)
in paragraph (1)(d) by substituting for the words “or (11)”
the words “, (11) or (11a)”; and
11
Finance
(b)
by inserting after subsection (11) the following subsection:
“(11a) There shall be deducted pursuant to this subsection from the aggregate income of a company for the relevant year reduced by any deduction for that year in accordance with subsection (1) an amount equal to the payment of zakat perniagaan which is paid in the basis period for that relevant year to an appropriate religious authority established under any written law or any person authorized by such religious authority:
Provided that—
(a)
the amount to be deducted pursuant to this subsection shall not exceed one-fortieth of the aggregate income of the company in the relevant year; and
(b)
the company is not an offshore company.”.
Amendment of section 45a