Malaysia legislation
Section 16
Section 16
Amendment of section 44
(a)
in subsection (6), by substituting for the proviso the following proviso:
“Provided that the amount to be deducted from the aggregate income for the relevant year in respect of any gift of money made to any institution or organization approved for the purposes of this section by the Director
General shall not exceed—
(a)
in the case of a person other than a company, seven per cent of the aggregate income of that person in the relevant year; or
(b)
in the case of a company, ten per cent of the aggregate income of that company in the relevant year.”;
14 Laws of Malaysia ACT 693
(b)
in subsection (11B), by substituting for the proviso the following proviso:
“Provided that the amount to be deducted pursuant to this subsection shall not exceed—
(a)
in the case of a person other than a company, the difference between the amount of seven percent of the aggregate income of that person in the relevant year and the total amount that has been deducted pursuant to the proviso to subsections (6) and (11C)
for that relevant year; or
(b)
in the case of a company, the difference between the amount of ten per cent of the aggregate income of that company in the relevant year and the total amount that has been deducted pursuant to the proviso to subsections (6) and (11C) for that relevant year.”; and
(c)
in subsection (11C), by substituting for the proviso the following proviso:
“Provided that the amount to be deducted pursuant to this subsection shall not exceed—
(a)
in the case of a person other than a company, the difference between the amount of seven percent of the aggregate income of that person in the relevant year and the total amount that has been deducted pursuant to the proviso to subsections (6) and (11B)
for that relevant year; or
(b)
in the case of a company, the difference between the amount of ten per cent of the aggregate income of that company in the relevant year and the total amount that has been deducted pursuant to the proviso to subsections (6) and (11B) for that relevant year.”.
Finance 15
Amendment of section 44A