Finance Act 2007 · Updated to 1 Oct 2018 · Chapter IV · Amendments to the Petroleum (Income Tax) Act 1967
Finance Act 2007 · Updated to 1 Oct 2018 · Chapter IV · Amendments to the Petroleum (Income Tax) Act 1967
Official textFrom Laws of Malaysia Online, unchanged
The Petroleum (Income Tax) Act 1967, which is referred to as the “principal Act” in this Chapter, is amended in section 16—
in subsection (7a), by inserting after the word “equipment”
the words “, or on the alteration or renovation of premises”; and
by inserting after subsection (7b) the following subsection:
“(7ba) An amount equal to the expenditure incurred by a chargeable person on the provision of infrastructure in relation to his business which is available for public use, subject to the prior approval of the Minister:
Provided that where a deduction has been made under this paragraph, no further deduction of the same amount shall be allowed under subsection 22(1).”.
Chapter V