Malaysia legislation
Section 42
Section 42
Amendment of Schedule 2
(a)
in subparagraph 6(1)—
(i)
by deleting the word “and” at the end of subsubparagraph (c);
(ii)
by substituting for the full stop at the end of subsubparagraph (d) the words “; and”; and
(iii)
by inserting after subsubparagraph (d) the following subsubparagraph:
“(e) any amount paid or to be paid in respect of goods and services tax by the disposer if he is not liable to be registered under the Goods and
Services Tax Act 2014 or if he is a registered person and is not entitled under that Act to credit that amount as input tax.”; and
(b)
in paragraph 7—
(i)
by deleting the word “and” at the end of subparagraph (b);
(ii)
by substituting for the full stop at the end of subparagraph (c) a semicolon; and
Finance 35
(iii)
by inserting after subparagraph (c) the following subparagraphs:
“(d) any amount paid or to be paid in respect of goods and services tax as input tax by the disposer if he is liable to be registered under the Goods and Services Tax Act 2014 and has failed to do so, or if he is entitled under that Act to credit that amount as input tax; and
(e)
any amount of output tax paid or to be paid under the Goods and Services Tax Act 2014 which is borne by the disposer if he is registered or liable to be registered under that Act.”.
Amendment of Schedule 4