Section 14C
of Promotion of Investments Act 1986
ActIn forceProvision 30 of 34
Section 14C
(1)
Notwithstanding section 14B, a company which has been granted pioneer status under subsection 6(1AB), (1AE), (1AG) or (1AI)
may apply in writing for an extension of the tax relief period which has been granted under section 14:
40
Provided that for the purpose of subsection 6(1AG), this section shall only apply to a company undertaking reinvestment for the purpose of producing value-added products utilizing oil palm biomass.
(2)
The Minister with the concurrence in writing of the Minister of
Finance may extend the tax relief period granted under section 14.
(3)
Subsections 14A(3) to (7) relating to an extension of the tax relief period shall apply, mutatis mutandis, to an application made under subsection (1).