Malaysia legislation

Section 46

of FINANCE ACT 2017

Section 46

Subsection 41(8) of the principal Act is amended—

(a)

by inserting after the words “not paid” the words “wholly or partly”;

(b)

in paragraph (a)—

(i)

by inserting after the words “not paid” the words

“wholly or partly”;

(ii)

by substituting for the word “five” the word “ten”;

(iii)

in the national language text, by inserting after the words “amaun cukai” the word “itu”; and

(iv)

by substituting for the words “due and payable”

the words “remain unpaid”;

(c)

in paragraph (b)—

(i)

by inserting after the words “not paid” the words

“wholly or partly”;

(ii)

by substituting for the word “ten” the word

“fifteen”;

(iii)

in the national language text, by inserting after the words “amaun cukai” the word “itu”; and

(iv)

by substituting for the words “due and payable”

the words “remain unpaid”; and

Finance 47

(d)

in paragraph (c)—

(i)

by inserting after the words “not paid” the words

“wholly or partly”;

(ii)

by substituting for the word “ten” the word

“fifteen”;

(iii)

in the national language text, by inserting after the words “amaun cukai” the word “itu”;

(iv)

by substituting for the words “due and payable”

the words “remain unpaid”; and

(v)

by deleting the words “, subject to a maximum penalty of twenty-five per cent of the amount of tax due and payable”.

Amendment of section 42