Malaysia legislation
Section 6
Seksyen 6
Pindaan seksyen 60aa
(a)
dengan menggantikan subperenggan (9)(b)(iii) dengan subperenggan yang berikut:
“(iii) the amount of management expenses incurred by him in that period in connection with—
(A)
wakalah fee receivable in relation to the general fund, inward retakaful fund, offshore fund or family retakaful fund;
(B)
any other fee receivable in relation to the general fund, inward retakaful fund, offshore fund or family retakaful fund; or
(C)
any other fee receivable in relation to an investment fund from the family fund;
and”;
(b)
dengan menggantikan subperenggan (10)(b)(iii) dengan subperenggan yang berikut:
“(iii) the amount of management expenses incurred by him in that period in connection with—
(A)
wakalah fee receivable in relation to the general fund, inward retakaful fund, offshore fund or family retakaful;
(B)
any other fee receivable in relation to the general fund, inward retakaful fund, offshore fund or family retakaful fund; or
(C)
any other fee receivable in relation to an investment fund from the family fund;
and”; dan
Undang-Undang Malaysia 8
(c)
dengan memasukkan selepas subseksyen (10a) subseksyen yang berikut:
“(10B) The management expenses incurred for the basis period for a year of assessment under—
(a)
subsubparagraph (9)(b)(iii)(B) or (C) shall be determined in accordance with the following formula:
A x C
B where
A is the total amount of gross income for that period referred to in subparagraph (9)(a)(iii)
excluding the amount of gross income in respect of wakalah fee;
B is the total amount of gross income for that period referred to in subparagraph (9)(a)(iii)
excluding the amount of gross income in respect of wakalah fee for commission; and
C is the total management expenses incurred under subparagraph (9)(b)(iii); or
(b)
subsubparagraph (10)(b)(iii)(B) or (C) shall be determined in accordance with the following formula:
A x C
B where
A is the total amount of gross income for that period referred to in subparagraph (10)(a)(iii)
excluding the amount of gross income in respect of wakalah fee;
Kewangan (No. 2)
9
B is the total amount of gross income for that period referred to in subparagraph (10)(a)(iii), excluding the amount of gross income in respect of wakalah fee for commission; and
C is the total management expenses incurred under subparagraph (10)(b)(iii).”.
Pindaan seksyen 107c