KAEDAH-KAEDAH CUKAI PENDAPATAN (PERTUKARAN AUTOMATIK MAKLUMAT AKAUN KEWANGAN) (PINDAAN) 2017

(Pertukaran Automatik Maklumat Akaun Kewangan) (Pindaan) 2017.

Kewangan) 2016 [P.U. (A) 355/2016], yang disebut “Kaedah-Kaedah ibu” dalam

Kaedah-Kaedah ini, dipinda dalam subkaedah 3(1) dengan menggantikan takrif

“Standard” dengan takrif yang berikut:

‘ “Standard” ertinya Standard Pelaporan Bersama yang dinyatakan dalam Standard Pertukaran Automatik Maklumat Akaun Kewangan dalam

Hal-Hal Percukaian yang diluluskan oleh Majlis Pertubuhan Pembangunan dan

Kerjasama Ekonomi sebagaimana yang dipinda dari semasa ke semasa.’.

Kaedah-Kaedah ibu dipinda dengan memasukkan selepas kaedah 3 kaedah yang berikut:

Bagi maksud Kaedah-Kaedah ini, Standard hendaklah terpakai secara konsisten dengan Ulasan kepada Standard Pelaporan Bersama yang dinyatakan dalam Standard Pertukaran Automatik Maklumat Akaun Kewangan dalam

Hal-Hal Percukaian yang diluluskan oleh Majlis Pertubuhan Pembangunan dan

Kerjasama Ekonomi sebagaimana yang dipinda dari semasa ke semasa.”.

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Kaedah-Kaedah ibu dipinda dengan memasukkan selepas kaedah 12 kaedah yang berikut:

“Peruntukan khas bagi pelaporan Akaun Individu Sedia Ada

Bagi maksud subkaedah 7(1), Institusi Kewangan Pelapor hendaklah mengemukakan penyata maklumat kepada Ketua Pengarah berhubung dengan tiap-tiap Akaun Individu Sedia Ada yang dikenal pasti oleh Institusi Kewangan

Pelapor itu sebagai Akaun Kena Lapor yang disenggara oleh Institusi Kewangan

Pelapor itu pada atau sebelum tarikh yang berikut:

“JADUAL 1”.

Kaedah-Kaedah ibu dipinda dengan memasukkan selepas JADUAL 1 Jadual yang berikut:

“JADUAL 2

[Perenggan 4(4)(b)]

Akaun Dikecualikan

Bagi maksud Standard, Akaun Dikecualikan adalah seperti yang berikut:

The principal Rules are amended by inserting after rule 3 the following rule:

For the purposes of these Rules, the Standard shall be applied consistently with the Commentaries on the Common Reporting Standard set out in the Standard for Automatic Exchange of Financial Account Information in

Tax Matters approved by the Council of the Organisation for Economic

Co-operation and Development as amended from time to time.”.

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Amendment of rule 4 4.

Rule 4 of the principal Rules is amended—

Schedule 2 to these Rules.”;

(b)

in subrule (5), by substituting for the words “the Schedule shall be the dates specified in column (3) of the Schedule” the words “Schedule 1 shall be the dates corresponding against it as specified in column (3)”; and

(c)

by inserting after subrule (10) the following subrule:

“(11) For the purposes of applying the due diligence procedure as specified in Sections II to VII of the Standard, “Reportable

Jurisdiction” stated in subparagraph D(4) of Section VIII of the

Standard shall be any jurisdiction other than Malaysia.”.

Amendment of rule 7 5.

Rule 7 of the principal Rules is amended—

(a)

in subrule (2), by substituting for the words “as at the closure of the account” the words “the closure of the account”; and

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(b)

by inserting after subrule (5) the following subrule:

“(5A) For the purposes of the reporting obligation as specified in

Section I of the Standard, “Reportable Jurisdiction” stated in subparagraph D(4) of Section VIII of the Standard shall be those jurisdictions contained in a list of Reportable Jurisdictions determined and published by the Director General.”.

New rule 13 6.

The principal Rules are amended by inserting after rule 12 the following rule:

“Special provision for reporting of Preexisting Individual Accounts

13.

For the purposes of subrule 7(1), a Reporting Financial Institution shall furnish an information return to the Director General in relation to every

Preexisting Individual Account identified by the Reporting Financial Institution as a Reportable Account that is maintained by the Reporting Financial Institution on or before the following dates:

(a)

31 July 2018 for a High Value Account; and

(b)

31 July 2019 for a Low Value Account.”.

Amendment of Schedule 7.

The principal Rules are amended by substituting for the heading of the Schedule the heading “SCHEDULE 1”.

New Schedule 2 8.

The principal Rules are amended by inserting after SCHEDULE 1 the following

Schedule:

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“SCHEDULE 2

[Paragraph 4(4)(b)]

Excluded Accounts

For the purposes of the Standard, Excluded Accounts are as follows:

(a)

A depository account which is a dormant account (other than an Annuity

Contract)—

(i)

with a balance that does not exceed USD1000.00;

(ii)

where the account holder has not initiated a transaction with regard to the account or any other account held by the account holder with the

Reporting Financial Institution in the previous three years;

(iii)

where the account holder has not communicated with the Reporting

Financial Institution regarding the account or any other account held by the account holder with the Reporting Financial Institution in the previous six years; and

(iv)

in relation to a Cash Value Insurance Contract, where the Reporting

Financial Institution has not communicated with the account holder regarding the account or any other account held by the account holder with the Reporting Financial Institution in the previous six years; or

(b)

A securities account which is a dormant account under rule 26.10 of the

Rules of Bursa Malaysia Depository Sdn Bhd.”.

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Made 19 December 2017

[Perb.0.6869/47(SJ.14)(SK.3)(3); LHDN.01/10.5-1/61-11; PN(PU2)80/LXXXVIII]

DATUK SERI JOHARI BIN ABDUL GHANI

Second Minister of Finance

[To be laid before the Dewan Rakyat pursuant to subsection 154(2) of the

Income Tax Act 1967]