Inland Revenue Board of Malaysia (Amendment) Act 2015

Feedback & supportAmends the Inland Revenue Board of Malaysia Act 1995

Official textFrom Laws of Malaysia Online, unchanged

s 1Short title

This Act may be cited as the Inland Revenue Board of Malaysia

(Amendment) Act 2015.

s 2Amendment of section 6

The Inland Revenue Board of Malaysia Act 1995 [Act 533], which is referred to as the “principal Act” in this Act, is amended in subsection 6(1)—

(a)

by inserting after paragraph (c) the following paragraph:

“(ca) the chief executive officer;”; and

(b)

in paragraph (e), by substituting for the word “two” the word “three”.

s 3Substitution of section 24

The principal Act is amended by substituting for section 24

the following section:

The chief executive officer shall, not later than one month before the commencement of each financial year, in a meeting of the Board, lay before the Board an estimate of the expenditure of the Board (including capital expenditure)

for the ensuing year in such detail and form as the Board may determine.

(2)

A copy of the estimates referred to in subsection (1)

shall be sent to each member of the Board not less than fourteen days before the estimates are laid.”.

s 4New section 28a

The principal Act is amended by inserting after section 28

the following section:

“Power to establish companies 28a. The Board may, with the approval of the Minister, establish companies under the Companies Act 1965 [Act 125]

to carry out and have the charge on or engage in any project, scheme or enterprise which has been planned or undertaken by the Board in the performance of its functions or the exercise of its powers under this Act.”.

KUALA LUMPUR