Finance Act 2007 · Updated to 1 Oct 2018 · Part I · Amendments to the Income Tax Act 1967
Finance Act 2007 · Updated to 1 Oct 2018 · Part I · Amendments to the Income Tax Act 1967
Official textFrom Laws of Malaysia Online, unchanged
Subsection 5(1) of the principal Act is amended by substituting for the proviso to that subsection the following proviso:
“Provided that in ascertaining the chargeable income of—
an individual resident in Malaysia there shall be excluded the income consisting of interest accruing in or derived from Malaysia and received from a person referred to in subsection 109c(4) in respect of interest paid or credited to that individual; or
a participant other than a participant which is a resident company there shall be excluded any income accruing in or derived from Malaysia and received from a takaful operator referred to in subsection 109e(2)
in respect of such income paid or credited to that participant.”.
Part II
Chapter III
Chapter IV
Chapter V