Malaysia legislation
Section 12
Seksyen 12
Pindaan seksyen 60aa
(a)
dalam subperenggan (9)(a)(iii)—
(i)
dengan memasukkan selepas perkataan “in connection with the” perkataan “family fund,”; dan
(ii)
dengan memotong perkataan “, or any other fee receivable in respect of an investment fund from the family fund”;
(b)
dalam subperenggan (9)(b)(iii)—
(i)
dalam subsubperenggan (A)—
(A)
dengan memasukkan selepas perkataan
“in relation to the” perkataan “family fund,”; dan
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(B)
dengan memasukkan perkataan “or”
di hujung subsubperenggan itu;
(ii)
dalam subsubperenggan (B)—
(A)
dengan memasukkan selepas perkataan
“in relation to the” perkataan “family fund,”; dan
(B)
dengan menggantikan perkataan “or”
di hujung subsubperenggan itu dengan perkataan “and”; dan
(iii)
dengan memotong subsubperenggan (C);
(c)
dalam subperenggan (9)(b)(iv), dengan memasukkan selepas perkataan “in connection with his” perkataan
“family business and”;
(d)
dalam subperenggan (10)(a)(iii)—
(i)
dengan memasukkan selepas perkataan “in connection with the” perkataan “family fund,”; dan
(ii)
dengan memotong perkataan “, or any other fee receivable in respect of an investment fund from the family fund”;
(e)
dalam subperenggan (10)(b)(iii)—
(i)
dalam subsubperenggan (A)—
(A)
dengan memasukkan selepas perkataan
“in relation to the” perkataan “family fund,”; dan
(B)
dengan memasukkan perkataan “or”
di hujung subsubperenggan itu;
(ii)
dalam subsubperenggan (B)—
(A)
dengan memasukkan selepas perkataan
“in relation to the” perkataan “family fund,”; dan
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Akta 833
(B)
dengan menggantikan perkataan “or”
di hujung subsubperenggan itu dengan perkataan “and”; dan
(iii)
dengan memotong subsubperenggan (C);
(f)
dalam subperenggan (10)(b)(iv), dengan memasukkan selepas perkataan “in connection with his” perkataan
“family business and”;
(g)
dengan memotong subseksyen (10b);
(h)
dengan memotong subseksyen (11);
(i)
dengan memotong subseksyen (17); dan
(j)
dengan memasukkan selepas subseksyen (17) yang dipotong subseksyen yang berikut:
“(17a) Allowances under Schedule 3 shall only be available for deduction against the adjusted income of the shareholders’ fund of the takaful operator and the balance of such allowances shall not be available for deduction against the adjusted income of the family fund or general fund of the takaful operator.
(17b)
The allowances under subsection (17a)
shall be in relation to any asset acquired under the shareholders’ fund of the takaful operator on or after 1 January 2022.
(17c)
Notwithstanding paragraph 75 of Schedule 3, any unabsorbed allowances of the shareholders’ fund of the takaful operator shall only be available for deduction against the adjusted income for the basis period for a year of assessment and subsequent years of assessment in respect of the shareholders’ fund of the takaful operator.
(17d)
Where in respect of any asset acquired prior to 1 January 2022, allowances under Schedule 3 which have been claimed or ought to have been claimed as deduction against the adjusted income of the family fund or general fund of the takaful operator, such
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allowances shall be claimed as deduction against the adjusted income of the family fund or general fund of the takaful operator until the whole amount of the allowances is claimed.”.
Pindaan seksyen 61