Section 12

dalam subseksyen (1), dengan memasukkan selepas perkataan “may” perkataan “, for the basis period for three consecutive years of assessment,”;

dengan memasukkan selepas subseksyen (1) subseksyen yang berikut:

“(1A) For the purpose of subsection (1), the basis period for three consecutive years of assessment commences —

immediately following the basis period for a year of assessment the surrendering company first commences operation, provided that the basis period consists of a period of twelve months; or

immediately following the second basis period

16

Undang-Undang Malaysia the surrendering company first commences operation (in this paragraph referred to as the

“second basis period”), if the basis period for a year of assessment the surrendering company first commences operation is less or more than twelve months and the second basis period consists of a period of twelve months.”;

dalam subseksyen (10), dengan memasukkan selepas perenggan (a) perenggan yang berikut:

“(aa) has unutilized investment tax allowance or adjusted loss from a pioneer business under the Promotion of

Investments Act 1986;”; dan

dalam subseksyen (12) —

dalam takrif “ordinary shares”, dengan memotong perkataan “nominal”; dan