Malaysia legislation

Section 34

of *FINANCE ACT 2018

Section 34

Notwithstanding the proviso of subsection 6(1AC) of the principal

(a)

where a contract research and development company has been granted a pioneer status on or before 16 October 2017, the proviso to subsection 6(1AC) shall not apply to that company until 30 June 2021; and

(b)

where a contract research and development company has been granted a pioneer status after 16 October 2017, the proviso to subsection 6(1AC) shall not apply to that company until 31 December 2018.

Finance 33

Amendment of section 21E