Section 8

dalam subseksyen (3), dengan menggantikan perkataan

“other than 31 December” dengan perkataan “in a basis year”; dan

dengan menggantikan subseksyen (4) dengan subseksyen yang berikut:

“(4)  Subject to subsections (5) and (6), where a company, limited liability partnership, trust body or co-operative society commences operation on a day in a basis year for a year of assessment (hereinafter referred to as the “first year of assessment”) and makes up its account—

for a period of less than twelve months ending on a day in that basis year, that period shall constitute the basis period for the first year of assessment;

for any period of months ending on a day in the immediately following basis year (hereinafter referred to as the “second basis year”), that period shall constitute the basis period for the year of assessment (hereinafter referred to as the “second year of assessment”) immediately following the first year of assessment, there shall be no basis period in relation to any of its sources of income for the first year of assessment; or

for a period of more than twelve months ending on a day in the basis year immediately following the second basis year, that period shall constitute the basis period for the year of assessment immediately following the second year of assessment and there shall be no basis period in relation to any of its sources of income for the first year of assessment and the second year of assessment.”.

Kewangan 11

Pindaan seksyen 24