Finance Act 2007 · Updated to 1 Oct 2018 · Part I · Amendments to the Income Tax Act 1967
12. Amendment of section 46
Official textFrom Laws of Malaysia Online, unchanged
Section 46 of the principal Act is amended—
in subsection (1)—
by substituting for paragraph (f) the following paragraph:
“(f) fees expended in that basis year by that individual on himself for—
any course of study up to tertiary level, other than a degree at Masters or Doctorate level, undertaken for the purpose of acquiring law, accounting, Islamic financing, technical, vocational, industrial, scientific or technological skills or qualifications; or
any course of study for a degree at Masters or Doctorate level undertaken for the purpose of acquiring any skill or qualification, in any institution or professional body in
Malaysia recognized by the Government or approved by the Minister, as the case may be, and the total deduction under this paragraph is subject to a maximum amount of five thousand ringgit;”;
by deleting the word “and” at the end of paragraph (i);
by substituting for the full stop at the end of paragraph (j) the word “; and”; and
by inserting after paragraph (j) the following paragraphs:
“an amount limited to a maximum of three thousand ringgit deposited in that basis year by that individual for his child into the Skim
Simpanan Pendidikan Nasional account established under the Perbadanan Tabung
Pendidikan Tinggi Nasional Act 1997
[Act 566]:
Provided that if any withdrawal is made from the account by that individual in that basis year, the amount deposited during that year shall be reduced by that withdrawal and regard shall be had only to the reduced amount subject to a maximum amount of three thousand ringgit; and
an amount limited to a maximum of three hundred ringgit in respect of expenses expended or deemed expended under subsection (3) in that basis year by that individual for the purchase of sports equipment for any sports activity as defined under the Sports Development
Act 1997 as evidenced by receipts issued in respect of the purchase.”; and
in subsection (3), by substituting for the words “and (j)”
the words “, (j), (k) and (l)”.
Part XII
Part II
Saving and Transitional Provisions
Chapter III
Amendments to the Stamp Act 1949
Chapter IV
Amendments to the Petroleum (Income Tax) Act 1967
Chapter V