Malaysia legislation

Section 5

of AKTA KEWANGAN 2020

Seksyen 5

Pindaan seksyen 6

(a)

dalam subseksyen (1)—

(i)

dalam perenggan (a), dengan menggantikan perkataan “section 6a” dengan perkataan

“sections 6a and 6d”;

(ii)

dalam perenggan (l), dengan menggantikan noktah di hujung perenggan itu dengan koma bernoktah;

dan

(iii)

dengan memasukkan selepas perenggan (l) perenggan yang berikut:

“(m) income tax shall be charged for each year of assessment upon the chargeable income of a person who carries on business in respect of a qualifying activity under an incentive scheme approved by the

Minister at the appropriate rate as specified in Part XVII of Schedule 1;

(n)

income tax shall be charged for each year of assessment upon the chargeable income of an individual resident who is not a citizen having and exercising employment in a company which carries on business in respect of a qualifying activity under an incentive scheme approved by the Minister at the appropriate rate as specified in Part XVIII of Schedule 1.”; dan 10

Undang-Undang Malaysia 10

Akta 831

(b)

dengan memasukkan selepas subseksyen (1) subseksyen yang berikut:

“(1a)  An incentive scheme referred to in paragraphs (1)(m) and (n) shall be the incentive scheme for a qualifying activity prescribed by the

Minister which includes—

(a)

any high technology activity in manufacturing and services sector; and

(b)

any other activities which would benefit the economy of Malaysia.”.

Seksyen baharu 6d