Finance Act 1994 · Updated to 1 Jan 2006 · Chapter III · Amendments to the Petroleum (Income Tax) Act 1967
Finance Act 1994 · Updated to 1 Jan 2006 · Chapter III · Amendments to the Petroleum (Income Tax) Act 1967
Official textFrom Laws of Malaysia Online, unchanged
The Petroleum (Income Tax) Act 1967, which is referred to as the ³principal Act´ in this Chapter, is amended in section 2²
in the definition of ³chargeable person´ in subsection
, by inserting after subparagraph (i) the following subparagraph:
³(i) Malaysia-Thailand Joint Authority,´;
in the definition of ³chargeable person´ in subsection
, by renumbering the existing subparagraph (ii) as subparagraph (iii);
Finance
by inserting after the definition of ³entertainment´ in subsection (1) the following definition:
³Joint Development Area´ has the meaning assigned thereto by the Malaysia-Thailand Joint Authority Act 1990 [Act 440];¶;
in the definition of ³petroleum agreement´ in subsection
, by inserting after the words ³Petroleum Nasional
Berhad´ the words ³or the Malaysia-Thailand Joint
Authority´;
in subsection (2), by inserting after the words ³Petroleum
Nasional Berhad´ the words ³or the Malaysia-Thailand
Joint Authority´;
in subparagraph (4)(a)(ii), by inserting after the words ³Petroleum Nasional Berhad´ the words ³or the Malaysia-Thailand Joint Authority´; and
by inserting after subsection (4) the following subsection:
³(5) For the purposes of this Act, the date of production in relation to a petroleum agreement with the Malaysia-Thailand Joint Authority means the date of first commercial production of petroleum under that agreement.´.