Malaysia legislation
Section 3
Section 3
(2)
Sections 15 and 16, and paragraph 24(a) in relation to section 82c of the Income Tax Act 1967 come into operation on 1 January 2024.
(3)
Paragraph 17(c) in relation to subsections 83(2), (3) and (4) of the Income Tax Act 1967 comes into operation on 1 January 2024.
(4)
Paragraphs 4(c), 10(a), (c), (d), and (e), 22(a) and (b) and 33(a), sections 9, 32 and 34 have effect for the year of assessment 2024
and subsequent years of assessment.
(5)
Paragraph 10(b) has effect from the year of assessment 2024
until the year of assessment 2026.
(6)
Paragraph 10(f) has effect from the year of assessment 2024
until the year of assessment 2027.
(7)
Paragraphs 17(a) and (c) in relation to subsection 83(1) of the
Income Tax Act 1967 have effect for the year ending 31 December 2023
and subsequent years.
(8)
Paragraph 24(a) and section 16 in relation to section 82b of the Income Tax Act 1967 have effect for the year of assessment 2025 and subsequent years of assessment.
Finance (No. 2)
(9)
Section 28 comes into operation on the coming into operation of this Act.
(10)
Section 29 comes into operation on 1 January 2025.
(11)
Section 30 in relation to—
(a)
sections 157 to 197 in new Part XI of the Income
Tax Act 1967 have effect for the Financial Year beginning on or after 1 January 2025 and subsequent
Financial Years; and
(b)
sections 198 to 239 in new Part XI of the Income Tax
Act 1967 come into operation on 1 January 2025.
Amendment of section 2