Section 26
Schedule 1 to the principal Act is amended—
(a)
in Part I, in paragraph 2—
(i)
by renumbering the existing paragraph as subparagraph (1); and
Act 833
(ii)
by inserting after the renumbered subparagraph (1)
the following subparagraph:
“(2) Notwithstanding subparagraph (1), income tax shall be charged for a year of assessment on the chargeable income of a company other than a company to which paragraph 2a applies which has chargeable income exceeding one hundred million ringgit in the basis period for the year of assessment 2022 at the following rates:
Chargeable income
RM
Rate of income tax
For every ringgit of the first 100,000,000 24 per cent
For every ringgit exceeding 100,000,000 33 per cent”; and
(b)
by inserting after Part XVIII the following parts:
“Part XIX
Notwithstanding Parts I, II and IV, income tax shall be charged for a year of assessment on the income of a unit holder other than an individual referred to in section 109da which is derived from Malaysia at the rate of 24 per cent of gross.