Malaysia legislation
Section 6
Section 6
Amendment of section 5
(a)
by substituting for the full stop at the end of subsection
(1)
, a colon;
10
(b)
by inserting the following new proviso to subsection (1):
“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.”; and
(c)
by substituting for subsection (3), the following:
“(3)
In ascertaining the chargeable income of any person for the purpose of section 3A there shall not be taken into account any statutory income or adjusted loss in respect of petroleum operations by a petroleum company and dividends paid by a petroleum company out of its income derived from its petroleum operations within the meaning of the Petroleum (Income Tax) Act 1967 [Act 45 of 1967].”.
Amendment of section 6