/akn/my/act/pua/2014/69

PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014

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Type: P.U. (A)
Status: In force
Enacted: 2014
Sections: 6

Quick answer

About this p.u. (a)

PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 is Malaysia P.U. (A), cited as P.U. (A) 69 2014, currently marked in force and first recorded in 2014.

Opening note

Preamble

PADA menjalankan kuasa yang diberikan oleh subseksyen 22A(1) Akta Petroleum (Cukai Pendapatan) 1967 [Akta 543], Ketua Pengarah membuat peraturan-peraturan yang berikut: Nama dan permulaan kuat kuasa

Seksyen 1

(1)

Peraturan-peraturan ini bolehlah dinamakan Peraturan-Peraturan

Petroleum (Cukai Pendapatan) (Elaun Pelaburan) (Pindaan) 2014.

(2)

Peraturan-Peraturan ini disifatkan telah mula berkuat kuasa pada 30 November 2010.

Pindaan am

Seksyen 2

Peraturan-Peraturan Petroleum (Cukai Pendapatan) (Elaun Pelaburan) 2013

[P.U. (A) 120/2013] yang disebut “Peraturan-Peraturan ibu” dalam Peraturan-Peraturan ini, dipinda dalam teks bahasa Inggeris dengan menggantikan perkataan “deepwater” di mana-mana jua ia terdapat dengan perkataan “deep water”.

Seksyen 3

Pindaan peraturan 5

Perenggan 5(a) Peraturan-Peraturan ibu dipinda dengan memasukkan selepas perkataan “bertekanan tinggi bersuhu tinggi” perkataan “, projek laut dalam”.

Seksyen 4

Pindaan peraturan 12

Peraturan-Peraturan ibu dipinda dengan menggantikan subperaturan (2) dengan subperaturan yang berikut:

“(2)

Permulaan tempoh yang layak bagi suatu projek yang layak hendaklah pada tarikh kelulusan Pelan Pembangunan Medan yang pertama bagi apa-apa projek yang layak yang dinyatakan di bawah perenggan 5(a) atau (b)

P.U. (A) 69 3

yang dijalankan di dalam suatu kawasan yang ditetapkan dalam perjanjian petroleum.”.

Seksyen 5

Pindaan peraturan 13

Peraturan-Peraturan ibu dipinda dengan memotong subperaturan (4).

Seksyen 6

Penggantian peraturan 15

Peraturan-Peraturan ibu dipinda dengan menggantikan peraturan 15 dengan peraturan yang berikut:

“Ketidakpakaian 15.

Peraturan-Peraturan ini tidaklah terpakai bagi seseorang yang boleh dikenakan cukai dalam tempoh asas bagi suatu tahun taksiran—

(a)

jika orang yang boleh dikenakan cukai itu—

(i)

menjalankan operasi petroleum di dalam

Kawasan

Pembangunan Bersama; atau

(ii)

menjalankan operasi petroleum di dalam suatu kawasan di bawah apa-apa perjanjian atau perkiraan yang dibuat oleh

Kerajaan dengan kerajaan mana-mana wilayah di luar

Malaysia bagi eksplorasi dan eksploitasi petroleum bersama di dalam kawasan pertindihan; atau

(b)

berhubung dengan suatu medan jika orang yang boleh dikenakan cukai itu telah diberikan—

(i)

elaun di bawah

Kaedah-Kaedah

Petroleum

(Cukai

Pendapatan)

(Elaun

Modal

Dipercepatkan)

(Medan Marginal) 2013 [P.U. (A) 119/2013]; atau

P.U. (A) 69 4

(ii)

pengecualian di bawah

Perintah

Petroleum

(Cukai

Pendapatan)

(Pengecualian)

2013

[P.U. (A) 122/2013], yang berhubungan dengan medan itu.”.

Dibuat 6 Mac 2014

[Perb. CR(8.09)681/2-61 (Sj. 19) Jld. 3 (Sk. 6); LHDN.01/35/(S)/42/51 Klt. 17;

PN(PU2)474/II]

TAN SRI DR. MOHD SHUKOR BIN MAHFAR

Ketua Pengarah Hasil Dalam Negeri

P.U. (A) 69 5

PETROLEUM (INCOME TAX) ACT 1967

PETROLEUM (INCOME TAX) (INVESTMENT ALLOWANCE) (AMENDMENT)

REGULATIONS 2014

Opening note

Preamble

IN exercise of the powers conferred by subsection 22A(1) of the Petroleum (Income Tax) Act 1967 [Act 543], the Director General makes the following regulations: Citation and commencement 1.

(1)

These regulations may be cited as the Petroleum (Income Tax)

(Investment Allowance) (Amendment) Regulations 2014.

(2)

These Regulations are deemed to have come into operation on 30 November 2010.

General amendment 2.

The Petroleum (Income Tax) (Investment Allowance) Regulations 2013

[P.U. (A) 120/2013] which are referred to as the “principal Regulations” in these

Regulations, are amended in the English text by substituting for the word “deepwater”

wherever it appears the words “deep water”.

Amendment of regulation 5 3.

Paragraph 5(a) of the principal Regulations is amended by inserting after the words “high pressure high temperature” the words “, deep water project”.

Amendment of regulation 12 4.

Regulation 12 of the principal Regulations is amended by substituting for subregulation (2) the following subregulation:

“(2)

The commencement of the qualifying period for a qualifying project shall be on the date of approval of the first Field Development Plan for any qualifying project specified under paragraph 5(a) or (b) undertaken in an area specified in a petroleum agreement.”.

P.U. (A) 69 6

Amendment of regulation 13 5.

Regulation 13 of the principal Regulations is amended by deleting subregulation (4).

Substitution of regulation 15 6.

The principal Regulations are amended by substituting for regulation 15 the following regulation:

“Non-application 15.

These Regulations shall not apply to a chargeable person in a basis period for a year of assessment—

(a)

where the chargeable person—

(i)

carries on petroleum operations in the Joint Development

Area; or

(ii)

carries on petroleum operations in an area under any agreement or arrangement made by the Government with the government of any territory outside Malaysia for the joint exploration and exploitation of petroleum in overlapping areas; or

(b)

in relation to a field where the chargeable person has been granted—

(i)

an allowance under the

Petroleum

(Income

Tax)

(Accelerated

Capital

Allowances)

(Marginal

Field)

Rules 2013 [P.U. (A) 119/2013]; or

P.U. (A) 69 7

(ii)

an exemption under the

Petroleum (Income Tax)

(Exemption) Order 2013 [P.U. (A) 122/2013], relating to such field.”.

Made 6 March 2014

[Perb. CR(8.09)681/2-61 (Sj. 19) Jld. 3 (Sk. 6); LHDN.01/35/(S)/42/51 Klt. 17;

PN(PU2)474/II]

TAN SRI DR. MOHD SHUKOR BIN MAHFAR

Director General of Inland Revenue

Common questions

What is PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014?: PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 is Malaysia P.U. (A), cited as P.U. (A) 69 2014, currently marked in force and first recorded in 2014.
Is PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 still in force?: Yes — PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 is currently in force.
When did PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 take effect?: PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 was first recorded in 2014.
How many sections does PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 have?: PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 contains 6 sections.
Where can I read the official version of PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014?: The official text of PERATURAN-PERATURAN PETROLEUM (CUKAI PENDAPATAN) (ELAUN PELABURAN) (PINDAAN) 2014 is published at lom.agc.gov.my.