Akta Kewangan (No. 2) 2014

, (iii) dan (v), subsubperenggan 20(a)(iv)(B), perenggan 20(b), seksyen 21, perenggan 22(b) dan (c), dan seksyen 23 berkuat kuasa bagi tahun taksiran 2015 dan tahun-tahun taksiran yang berikutnya.

Seksyen 11, 13 dan 14, perenggan 15(a), seksyen 17,

18 dan 19, subsubperenggan 20(a)(iv)(A) dan perenggan 22(a)

mula berkuat kuasa apabila berkuatkuasanya Akta ini.

Perenggan 15(b) mula berkuat kuasa pada 1 Januari 2015.

Pindaan seksyen 5

dalam subseksyen (1)—

dalam perenggan (f), dengan menggantikan noktah bertindih di hujung perenggan itu dengan noktah;

dan

dengan memotong proviso kepada subseksyen itu;

dan

dengan memasukkan selepas subseksyen (1) subseksyen yang berikut:

“(1a) For the purpose of ascertaining the chargeable income of a person under subsection (1), any amount or income received by that person which is subject to deduction of tax under section 109c, 109e or 109g shall be excluded.”.

Kewangan (No. 2)

7

Pindaan seksyen 29

dalam subseksyen (3)—

dalam perenggan (a), dengan memotong perkataan

“or” di hujung perenggan itu; dan

dengan memasukkan selepas perenggan (a) perenggan yang berikut:

“(aa) between individuals who are relatives of each other; or”; dan

dengan memasukkan selepas subseksyen (3) subseksyen yang berikut:

“(4) Subject to subsection (3) and for the purposes of this section, where a relevant person is entitled to any gross income—

accruing in or derived from Malaysia to which section 25, section 27 other than subsection 27(1a), or section 28 applies;

the amount of which relates to any transactions—

between persons one of whom has control over the other;

between individuals who are relatives of each other; or

between persons both of whom are controlled by some other persons;

and

the amount of which first becomes receivable to the relevant person in the relevant period, the relevant person is deemed to be able to obtain on demand the receipt of such amount in the basis period immediately following the relevant period.

Undang-Undang Malaysia 8

In this section, “relative” and “transaction”

have the meanings assigned to them under subsection 140(8).”.

Pindaan seksyen 46

dalam perenggan (d), dengan menggantikan perkataan

“five” dengan perkataan “six”; dan

dalam perenggan (g), dengan menggantikan perkataan

“five” dengan perkataan “six”.

Pindaan seksyen 48

dalam perenggan (5)(b)—

dalam subperenggan (iii), dengan memasukkan selepas perkataan “business” perkataan “carried out in accordance with the principle of mudharabah”;

dan

dalam subperenggan (viii), dengan memasukkan selepas perkataan “general business” perkataan

“carried out in accordance with the principle of mudharabah”;

dalam perenggan (7)(b)—

dalam subperenggan (iii), dengan memasukkan selepas perkataan “Malaysian general certificate”

perkataan “of that business carried out in accordance with the principle of mudharabah”; dan

dalam subperenggan (viii), dengan memasukkan selepas perkataan “general business” perkataan

“carried out in accordance with the principle of mudharabah”;

dalam subseksyen (9)—

dalam perenggan (a)—

dalam subperenggan (iii), dengan menggantikan perkataan “family fund, general fund, inward re-takaful fund, offshore fund or family re-takaful fund” dengan perkataan

Undang-Undang Malaysia 10

“general fund, inward re-takaful fund, offshore fund or family re-takaful fund, or any other fee receivable in respect of an investment fund from the family fund”;

dalam subperenggan (iv), dengan memotong perkataan “and” di hujung subperenggan itu; dan

dengan memasukkan selepas subperenggan (v)

subperenggan yang berikut:

“(vi) the amount of actuarial surplus from the family fund that is transferred to the shareholders’ fund; and”;

dan

dalam perenggan (b)—

dalam subperenggan (iii), dengan menggantikan perkataan “family and general businesses”

dengan perkataan “general business carried out in accordance with the principle of wakalah”; dan

dalam subperenggan (iv), dengan memasukkan selepas perkataan “general business”

perkataan “carried out in accordance with the principle of wakalah”;

dalam subseksyen (10)—

dalam perenggan (a)—

dalam subperenggan (iii), dengan menggantikan perkataan “family fund, general fund, inward re-takaful fund, offshore fund or family re-takaful fund” dengan perkataan

“general fund, inward re-takaful fund, offshore fund or family re-takaful fund, or any other fee receivable in respect of an investment fund from the family fund”;

dalam subperenggan (iv), dengan memotong perkataan “and” di hujung subperenggan itu; dan

Kewangan (No. 2)

dengan memasukkan selepas subperenggan (v)

subperenggan yang berikut:

“(vi) the amount of actuarial surplus from the family fund that is transferred to the shareholders’ fund; and”;

dan

dalam perenggan (b)—

dalam subperenggan (iii), dengan menggantikan perkataan “family and general businesses”

dengan perkataan “general business carried out in accordance with the principle of wakalah”; dan

dalam subperenggan (iv), dengan memasukkan selepas perkataan “general business”

perkataan “carried out in accordance with the principle of wakalah”; dan

dengan memasukkan selepas subseksyen (10) subseksyen yang berikut:

“(10a) For the purposes of ascertaining the adjusted income of the family fund, general fund or shareholders’

fund referred to in subsection (3), (4), (5), (7), (9)

or (10), as the case may be, the cost of acquiring and realizing any investments or rights for the basis period for a year of assessment shall include expenses incurred in managing those investments or rights, and such expenses incurred shall be determined in accordance with the following formula:

A x C

B where

A is the cost of acquiring any investments or rights which is realized in that period in respect of such fund;

Undang-Undang Malaysia 12

B is the total cost of acquiring all investments or rights held during that period in respect of such fund; and

C is the total expenses incurred in that period for managing all investments or rights held during that period in respect of such fund.”.

Pindaan seksyen 60i

every partner of the partnership shall continue to be personally assessable and chargeable to tax for that year of assessment and for any previous year of assessment before the conversion in respect of his chargeable income for any such year of assessment; and

the limited liability partnership shall be assessable and chargeable to tax for that year of assessment and for any previous year of assessment before the conversion in respect of the chargeable income of the company for any such year of assessment.

Kewangan (No. 2)

Where the limited liability partnership is so assessable and chargeable under paragraph (3)(b), it shall be assessable and chargeable to tax in like manner and to the like amount as the company would have been assessed and charged to tax prior to the conversion.”.

Pindaan seksyen 77c

dalam perenggan (a), dengan memotong perkataan “other than gains or profits in respect of the use or enjoyment of benefits provided by his employer under paragraph 13(1)(b) or (1)(c)”; dan

dalam perenggan (c), dengan memotong perkataan “for a period of twelve months”.

Pindaan seksyen 91

dalam subseksyen (4a), dengan memasukkan selepas perkataan “where a company” perkataan “resident and incorporated in Malaysia”; dan

dalam subseksyen (12), dalam takrif “due date” dengan menggantikan perkataan “tenth” dengan perkataan

“fifteenth”.

Seksyen baru 110c

Where—

tax is set off under this section against the tax charged on the chargeable income of an operator from its shareholders’ fund in respect of family business for a year of assessment and the amount of the tax set-off exceeds the tax charged for that year, the excess shall be disregarded; or

there is no tax charged for that year, so much of the amount of tax that would otherwise be set off but for the absence of such tax charged shall be disregarded.

Kewangan (No. 2)

For the purposes of this section, tax charged on the chargeable income of an operator from its shareholders’ fund in respect of family business shall consist of an amount of tax before taking into account the tax set-off under section 110.

The portion of the surplus referred to in subsection (1)

shall be ascertained in accordance with the formula prescribed by the Minister.”.

Pindaan seksyen 112

dalam Bahagian I—

dengan menggantikan perenggan 1 dengan perenggan yang berikut:

“1. except where paragraphs 1a, 2, 2a, 2d,

3 and 4 provide otherwise, income tax shall be charged for a year of assessment upon the chargeable income of every person at the following rates:

Undang-Undang Malaysia 16

Chargeable Income

RM

Rate of

Income Tax

For every ringgit of the first 5,000 0 per cent

For every ringgit of the next 15,000 1 per cent

For every ringgit of the next 15,000 5 per cent

For every ringgit of the next 15,000 10 per cent

For every ringgit of the next 20,000 16 per cent

For every ringgit of the next 30,000 21 per cent

For every ringgit of the next 150,000 24 per cent

For every ringgit of the next 150,000 24.5 per cent

For every ringgit exceeding 400,000 25 per cent”;

dalam perenggan 1a, dengan menggantikan perkataan

“26 per cent” dengan perkataan “25 per cent”;

dalam perenggan 2—

dalam subperenggan (f), dengan menggantikan noktah di hujung subperenggan itu dengan koma; dan

dengan menggantikan perkataan “26 per cent for the year of assessment 2008 and 25 per cent for the subsequent years of assessment” dengan perkataan “25 per cent for the year of assessment 2015 and 24 per cent for the subsequent years of assessment”;

dalam perenggan 2a—

dengan memasukkan selepas perkataan

“company resident” perkataan “and incorporated”; dan

Kewangan (No. 2)

dalam ruang “Rate of income tax”—

(AA) dengan menggantikan perkataan

“20 per cent” dengan perkataan

“20 per cent for the year of assessment 2015 and 19 per cent for the subsequent years of assessment”; dan

(BB) dengan menggantikan perkataan

“26 per cent for the year of assessment 2008 and 25 per cent for the subsequent years of assessment” dengan perkataan

“25 per cent for the year of assessment 2015 and 24 per cent for the subsequent years of assessment”; dan

dalam perenggan 2d, dalam ruang “Rate of Income

Tax”—

dengan menggantikan perkataan “20 per cent”

dengan perkataan “20 per cent for the year of assessment 2015 and 19 per cent for the subsequent years of assessment”; dan

dengan menggantikan perkataan “25 per cent”

dengan perkataan “25 per cent for the year of assessment 2015 and 24 per cent for the subsequent years of assessment”; dan

dalam Bahagian IV, dalam ruang “Rate of income tax”—

dengan menggantikan perkataan “20 per cent”

dengan perkataan “18 per cent”;

dengan menggantikan perkataan “22 per cent”

dengan perkataan “21 per cent”;

dengan menggantikan perkataan “24 per cent”

dengan perkataan “23 per cent”; dan

dengan menggantikan perkataan “25 per cent”

dengan perkataan “24 per cent”.

Undang-Undang Malaysia 18

Pindaan Jadual 3

dalam subperenggan 8(1), dengan menggantikan perkataan

“incurred by a person” dengan perkataan “incurred only by a person who has a concession or licence to extract timber”; dan

dalam subperenggan 19a(1)—

dengan menggantikan perkataan “one thousand” dengan perkataan “one thousand three hundred”;

dalam proviso kepada subperenggan 19a(1), dengan menggantikan perkataan “ten thousand” dengan perkataan “thirteen thousand”; dan

dalam proviso kepada subperenggan 42(1), dengan menggantikan perkataan “within three months

(or within such further period as the Director

General may allow) of the beginning of the year of assessment in the basis period for which that expenditure was incurred by notice in writing delivered to the Director General elect” dengan perkataan “elect in a return for the basis period for a year of assessment in which the expenditure was incurred”.

Pindaan Jadual 6

dalam perenggan 12B, dengan menggantikan perkataan

“of this Act” dengan perkataan “of ascertaining the adjusted income of the person”;

dalam perenggan 20a, dengan memasukkan selepas perkataan “Central Bank of Malaysia” perkataan “and any adjusted loss from the investment in respect of the deferred annuity shall be disregarded for the purposes of the Act”; dan

Kewangan (No. 2)

dalam perenggan 35a, dengan memasukkan selepas perkataan “Islamic Banking Act 1983” perkataan “, or any development financial institution regulated under the Development Financial Institutions Act 2002”.

Pindaan Jadual 7A

dalam perenggan 2a—

dengan menomborkan semula peruntukan yang sedia ada sebagai subperenggan (1); dan

dengan memasukkan selepas subperenggan (1)

sebagaimana yang dinomborkan semula subperenggan yang berikut:

“(2) The allowance which is deemed to have not been given under subparagraph (1) shall be part of the person’s statutory income in the basis period for the year of assessment in which such asset is disposed of.”; dan

dengan memasukkan selepas perenggan 4 perenggan yang berikut:

“4A. Statutory income referred to in paragraphs 3

and 4 shall be construed as the amount of statutory income of a person from a source consisting of a business in respect of a qualifying project referred to in paragraph 8.”.