Finance Act 2007 · s 36

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36.
Amendment of Schedule 6
Schedule 6 to the principal Act is amended—
(a)	 by inserting after paragraph 12a the following paragraph:
“12b.
Any dividend paid, credited or distributed to any person where the company paying such dividend is not entitled to deduct tax under this Act and any expenses incurred in relation to such dividend shall be disregarded for the purpose of this Act.”;
(b)	 in subparagraph 13(1), by deleting the words “, other than dividend income,”;
(c)	 in paragraph 17—
(i)	 by substituting for the colon a full stop; and
(ii)	 by deleting the proviso;
(d)	 in subsubparagraph 25(1)(c)—
(i)	 by substituting for the colon a full stop; and
(ii)	 by deleting the proviso;
(e)	 in paragraph 26—
(i)	 by substituting for the colon a full stop; and
(ii)	 by deleting the proviso; and
(f)	 by inserting after paragraph 33a the following paragraph:
“33b.  Interest paid or credited to any person in respect of Islamic securities originating from Malaysia, other than convertible loan stock–
(a)	 issued in any currency other than Ringgit; and
(b)	 approved by the Securities Commission.”.

Finance 43

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s 36Amendment of Schedule 6

Schedule 6 to the principal Act is amended—

(a)

by inserting after paragraph 12a the following paragraph:

“12b.

Any dividend paid, credited or distributed to any person where the company paying such dividend is not entitled to deduct tax under this Act and any expenses incurred in relation to such dividend shall be disregarded for the purpose of this Act.”;

(b)

in subparagraph 13(1), by deleting the words “, other than dividend income,”;

(c)

in paragraph 17—

(i)

by substituting for the colon a full stop; and

(ii)

by deleting the proviso;

(d)

in subsubparagraph 25(1)(c)—

(i)

by substituting for the colon a full stop; and

(ii)

by deleting the proviso;

(e)

in paragraph 26—

(i)

by substituting for the colon a full stop; and

(ii)

by deleting the proviso; and

(f)

by inserting after paragraph 33a the following paragraph:

“33b. Interest paid or credited to any person in respect of Islamic securities originating from Malaysia, other than convertible loan stock–

(a)

issued in any currency other than Ringgit; and

(b)

approved by the Securities Commission.”.

Finance 43