Malaysia legislation

Section 28

of FINANCE ACT 2020

Section 28

Schedule 3 to the principal Act is amended—

(a)

by inserting after paragraph 70 the following paragraph:

“70a.  In this Schedule, “plant” means an apparatus used by a person for carrying on his business but does not include a building, an intangible asset, or any asset used and that functions as a place within which a business is carried on.”; and

Finance 27

(b)

in subsubsubparagraph 75b(1)(a)(ii), by deleting the word

“nominal”.

Amendment of Schedule 6