Malaysia legislation

Section 17

of FINANCE ACT 2023

Section 17

Schedule 3 to the principal Act is amended—

(a)

by renumbering the existing paragraph 70a as subparagraph 70a(1);

Finance 15

(b)

in subparagraph 70a(1) as renumbered, by deleting the words

“, an intangible asset,”; and

(c)

by inserting after subparagraph 70a(1) as renumbered the following subparagraph:

“(2)  Notwithstanding subparagraph (1), the Minister may prescribe any other assets as assets which are excluded from the definition of “plant”.”.