Section 1
This Act may be cited as the Income Tax (Amendment) Act 2012.
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Income Tax (Amendment) Act 2012 is Malaysia Amendment Act, cited as Amendment Act A1429 2012, currently marked in force and first recorded in 2012.
Opening note
This Act may be cited as the Income Tax (Amendment) Act 2012.
Amendment of section 44
The Income Tax Act 1967 [Act 53] is amended in subsection 44(7), in the definition of “organization”—
by inserting after paragraph (a) the following paragraph:
“(aa) an organization established and maintained exclusively to administer and augment a public or private fund established or held for the sole purpose of carrying out the objective in which the institution is operated or conducted;” and
Act A1429
INCOME TAX (AMENDMENT) ACT 2012
ACT A1429
by substituting for paragraph (c) the following paragraph:
“(c) an organization established and maintained exclusively to administer and augment a public fund established and held solely for the purposes of religious worship or the advancement of religion and such fund is to be used—
for the construction, improvement or maintenance of a building in Malaysia which is—
intended to be used (and, when constructed, is used) exclusively for those purposes; and
intended to be open (and, when constructed, is open) to any member of the public for those purposes;
or
to provide for the management of the activity related to those purposes.”.
KUALA LUMPUR
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