In forceUpdated to 1 Jan 2006Current version · Updated to 1 Jan 2006
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 Minister may, by statutory order, exempt from tax any chargeable person or exempt from tax the income
(wholly or in part) of any chargeable person to give effect to any agreement or arrangement made by the Government with the government of any territory outside Malaysia for the joint exploration and exploitation of petroleum in overlapping areas.
Any order made under subsection (1) shall be laid before the House of Representatives.
Nothing in subsection (1) shall absolve or be deemed to have absolved the said chargeable person from complying with any requirement to submit any return or statement of accounts or to furnish any other information under the provisions of this Act in respect of the income exempted under this section.´.
Amendment of Schedule 2 36.
Schedule 2 to the principal Act is amended²
in subparagraph 41(b), by inserting after the words ³Petroleum Nasional Berhad´ the words ³or the Malaysia-Thailand Joint Authority´; and
in paragraph 48A, by inserting after the words ³Petroleum
Nasional Berhad´ the words ³or the Malaysia-Thailand
Joint Authority´.