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In forceUpdated to 1 Oct 2018Read it in Bahasa Malaysia
Contents

Part XII

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

Report

Read on from s 37

Part II

Saving and Transitional Provisions

Read on from Part II

Chapter III

Amendments to the Stamp Act 1949

Read on from Chapter III

Chapter IV

Amendments to the Petroleum (Income Tax) Act 1967

Read on from Chapter IV

Chapter V

Amendments to the Labuan Offshore Business Activity Tax Act 1990

Read on from Chapter V