Malaysia legislation

Section 60

of FINANCE ACT 2021

Section 60

Amendment of section 2

The Promotion of Investments Act 1986, which is referred to as the “principal Act” in this Chapter, is amended in subsection 2(1)—

(a)

in the definition of “contract research and development company”, by substituting for the words “which provides” the words “which is approved as a research and development status company under section 4h to provide”; and

(b)

in the definition of “research and development company”, by substituting for the words “which provides” the words

“which is approved as a research and development status company under section 4h to provide”.

Amendment of title to Chapter 1 of Part II

Section 60 — FINANCE ACT 2021 | mylaw.my