Malaysia legislation

Section 14

of PROMOTION OF INVESTMENTS (AMENDMENT) ACT 2011

Section 14

Section 21F of the principal Act is amended—

(a)

in the shoulder note, by substituting for the words "or company participating in industrial linkage programme" the words "company participating in industrial linkage programme, etc. under subsection 6(1) for an application under subsection 5(1D)";

(b)

by substituting for subsection (1) the following subsection:

"(1) This section shall apply to a high technology company or a company participating in a promoted activity or producing a promoted product in an industrial linkage programme or a company establishing a medical devices testing laboratory which has been granted pioneer status under subsection 6(1) for an application under subsection 5(1D).";

(c)

by substituting for subsection (4) the following subsection:

"(4)The company shall maintain a statement showing the amount of income found under subsection (2) or (3), as the case may be."; and

(d)

by deleting subsection (5).

Amendment of section 21g

Section 14 — PROMOTION OF INVESTMENTS (AMENDMENT) ACT 2011