Malaysia legislation
Section 5
Section 5
Amendment of section 5
Subsection 5(1) of the principal Act is amended by substituting for the proviso to that subsection the following proviso:
(i)
an individual resident in Malaysia there shall be excluded the income consisting of interest accruing in or derived from Malaysia and received from a person referred to in subsection 109c(4) in respect of interest paid or credited to that individual; or
(ii)
a participant other than a participant which is a resident company there shall be excluded any income accruing in or derived from Malaysia and received from a takaful operator referred to in subsection 109e(2)
in respect of such income paid or credited to that participant.”.
Amendment of section 6