Malaysia legislation
Section 73
Seksyen 73
“Akta ibu” dalam Bab ini, dipinda dalam seksyen 2—
(a)
dengan menomborkan semula seksyen sedia ada sebagai subseksyen (1); dan
(b)
dengan memasukkan selepas subseksyen (1) yang dinomborkan semula subseksyen yang berikut:
“(2) Notwithstanding any other provisions of this
Act and for the purposes of the imposition of Domestic
Top-up Tax or Multinational Top-up Tax and the implementation of the GloBE Rules, Part XI of the Income Tax Act 1967 shall also apply to a chargeable person who is a Constituent Entity that is a member of a Multinational Enterprise Group that has annual revenue of seven hundred and fifty million euro or more in the Consolidated Financial Statements of the Ultimate Parent Entity in at least two of the four consecutive Financial Years immediately preceding the tested Financial Year.
(3)
Where one or more of the Financial Years of the Multinational Enterprise Group taken into account for the purposes of subsection (2) is of a period other than twelve months, for each of those Financial
Years the seven hundred and fifty million euro annual revenue is adjusted proportionally to correspond with the length of the relevant Financial Year.
(4)
For the purposes of subsections (2) and (3),
“Consolidated Financial Statement”, “Constituent Entity”,
“Financial Year”, “GloBE Rules”, “Multinational
Enterprise Group” and “Ultimate Parent Entity”
have the meaning assigned to them in Part XI of the Income Tax Act 1967.”.
Kewangan (No. 2)
191
Pindaan seksyen 4