/akn/my/act/pua/2019/118

KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019

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Type: P.U. (A)
Status: In force
Enacted: 2019
Sections: 2

Quick answer

About this p.u. (a)

KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 is Malaysia P.U. (A), cited as P.U. (A) 118 2019, currently marked in force and first recorded in 2019.

Opening note

Preamble

PADA menjalankan kuasa yang diberikan oleh perenggan 154(1)(b) dan perenggan 33(1)(d) Akta Cukai Pendapatan 1967 [Akta 53], Menteri membuat kaedah-kaedah yang berikut: Nama dan permulaan kuat kuasa

Seksyen 1

(1)

Kaedah-kaedah ini bolehlah dinamakan

Kaedah-Kaedah

Cukai

Pendapatan (Potongan bagi Perbelanjaan ke atas Terbitan Sukuk) 2019.

(2)

Kaedah-Kaedah ini berkuat kuasa bagi tahun taksiran 2019 dan tahun taksiran 2020.

Potongan

Seksyen 2

(1)

Bagi maksud menentukan pendapatan larasan suatu syarikat daripada perniagaannya bagi tempoh asas bagi suatu tahun taksiran, hendaklah dibenarkan sebagai potongan suatu amaun bersamaan dengan amaun perbelanjaan yang dilakukan oleh syarikat itu ke atas terbitan sukuk—

(a)

yang diluluskan atau dibenarkan oleh, atau diserah simpan dengan,

Suruhanjaya Sekuriti Malaysia di bawah Akta Pasaran Modal dan

Perkhidmatan 2007 [Akta 671]; atau

(b)

yang diluluskan oleh Lembaga Perkhidmatan Kewangan Labuan yang ditubuhkan di bawah Akta Lembaga Perkhidmatan Kewangan

Labuan 1996 [Akta 545].

P.U. (A) 118 3

(2)

Bagi maksud subkaedah (1)—

“sukuk” ertinya—

(a)

sukuk yang distruktur menurut prinsip Ijarah; atau

(b)

sukuk yang distruktur menurut prinsip Wakalah yang terdiri daripada komponen gabungan aset dan hutang;

“syarikat” ertinya suatu syarikat yang bermastautin di Malaysia dan diperbadankan di bawah

Akta

Syarikat 2016

[Akta 777]

atau

Akta Syarikat Labuan 1990 [Akta 441].

Dibuat 22 April 2019

[Perb.CR(8.09)681/2-61(SJ.18)JLD.17 LHDN.AY.A600-12/1/7(29)-9; PN(PU2)80/XCIV]

LIM GUAN ENG

Menteri Kewangan

[Akan dibentangkan di

Dewan

Rakyat menurut subseksyen 154(2)

Akta Cukai Pendapatan 1967]

P.U. (A) 118 4

INCOME TAX ACT 1967

INCOME TAX (DEDUCTION FOR EXPENDITURE ON ISSUANCE OF SUKUK) RULES 2019

Opening note

Preamble

IN exercise of the powers conferred by paragraph 154(1)(b) and paragraph 33(1)(d) of the Income Tax Act 1967 [Act 53], the Minister makes the following rules: Citation and commencement 1.

(1)

These rules may be cited as the Income Tax (Deduction for Expenditure on Issuance of Sukuk) Rules 2019.

(2)

These Rules have effect for the years of assessment 2019 and 2020.

Deduction 2.

(1)

For the purposes of ascertaining the adjusted income of a company from its business for the basis period for a year of assessment, there shall be allowed as a deduction an amount equivalent to the expenditure incurred by the company on the issuance of sukuk—

(a)

approved or authorized by, or lodged with, the

Securities Commission Malaysia under the Capital Markets and

Services Act 2007 [Act 671]; or

(b)

approved by the Labuan Financial Services Authority established under the Labuan Financial Services Authority Act 1996 [Act 545].

(2)

For the purpose of subrule (1)—

“sukuk” means—

(a)

sukuk structured pursuant to the principle of Ijarah; or

P.U. (A) 118 5

(b)

sukuk structured pursuant to the principle of Wakalah comprising a mixed component of asset and debt;

“company” means a company resident in Malaysia and incorporated under the Companies Act 2016 [Act 777] or the Labuan Companies Act 1990 [Act 441].

Made 22 April 2019

[Perb.CR(8.09)681/2-61(SJ.18)JLD.17 LHDN.AY.A600-12/1/7(29)-9; PN(PU2)80/XCIV]

LIM GUAN ENG

Minister of Finance

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

Income Tax Act 1967]

Common questions

What is KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019?: KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 is Malaysia P.U. (A), cited as P.U. (A) 118 2019, currently marked in force and first recorded in 2019.
Is KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 still in force?: Yes — KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 is currently in force.
When did KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 take effect?: KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 was first recorded in 2019.
How many sections does KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 have?: KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 contains 2 sections.
Where can I read the official version of KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019?: The official text of KAEDAH-KAEDAH CUKAI PENDAPATAN (POTONGAN BAGI PERBELANJAAN KE ATAS TERBITAN SUKUK) 2019 is published at lom.agc.gov.my.