Section 9

The principal Act is amended by inserting after the deleted section 54b the following section:

“Special treatment on distribution of profits by limited liability partnership 54c.  (1)  Where in the basis period for a year of assessment, an individual who is a partner of a limited liability partnership has income which consists of profits derived from Malaysia which is paid, credited or distributed, whether in cash or in kind, to the individual by the limited liability partnership in excess of one hundred thousand ringgit, the income is deemed to be the statutory income of the individual for the basis period for that year of assessment.