Malaysia legislation

Section 2B

of AKTA KEWANGAN 1992

Seksyen 2B

Subject to this Schedule, where—

(a)

any person is exempt from tax by or under this Act; or

(b)

any income of any person is exempt from tax by or under this Act, and the person had in use machinery or plant for the purposes of a business of his during the exempt period and the machinery or plant continues to be used for the purposes of a business of his immediately after the exempt period, he shall be deemed to have incurred qualifying plant expenditure and the amount of the qualifying plant expenditure in respect thereof shall be taken to be the market value or the net book value, whichever is the lower, of the machinery or plant on the day the exemption ceases.

Read in full context — AKTA KEWANGAN 1992 →