Section 27

dalam nota bahu, dengan menggantikan perkataan

“contribution made to” dengan perkataan “a deferred annuity or”;

dengan menggantikan subseksyen (1) dengan subseksyen yang berikut:

“(1)  Where a person (in this section referred to as “the payer”) makes payment to an individual (in this section referred to as “the recipient”) in relation to a withdrawal from a deferred annuity or a private retirement scheme before reaching the age of fifty-five

(other than by reason of permanent total disablement, serious disease, mental disability, death or permanently leaving Malaysia) from a fund administered by that payer under a deferred annuity scheme or a private retirement scheme, the payer shall upon paying the amount, deduct from that amount, tax at a rate applicable to such payment, and (whether or not tax is so deducted) shall within one month after paying the amount render an account and pay the amount of that tax to the Director General:

Provided that the Director General may under special circumstances allow extension of time for the amount of tax deducted to be paid over.”; dan

Kewangan 19

dengan menggantikan subseksyen (5) dengan subseksyen yang berikut:

“(5)  In this section, “payer” refers to—

in the case of a deferred annuity, a life insurer or takaful operator licensed under the Financial Services Act 2013 or the

Islamic Financial Services Act 2013; or

in the case of a private retirement scheme, a private retirement scheme provider as approved under section 139q of the

Capital Markets and Services Act 2007 to provide and manage a private retirement scheme.”.

Seksyen baru 132b