PERINTAH CUKAI PENDAPATAN (PENGECUALIAN) (NO. 6) 2020

Dalam Perintah ini, “orang yang layak” ertinya suatu syarikat yang diperbadankan di bawah Akta Syarikat 2016 [Akta 777], koperasi berasaskan pertanian,

Persatuan Peladang Kawasan, Persatuan Peladang Persekutuan, Persatuan Peladang

Negeri, Persatuan Nelayan Kawasan, Persatuan Nelayan Persekutuan, Persatuan Nelayan

Negeri dan kepunyaan tunggal, atau perkongsian atau persatuan yang semata-mata terlibat dalam pertanian atau perikanan.

Jadual 3 Akta hendaklah dipotong sebagaimana yang munasabah dengan mengambil kira takat aset itu digunakan bagi maksud projek pertama yang disebut itu, mengikut mana-mana yang berkenaan.

Kewajipan mematuhi kehendak mengemukakan penyata dan maklumat di bawah Akta 5.

Tiada apa-apa jua dalam subperenggan 4(1) boleh melepaskan atau disifatkan telah melepaskan orang yang layak itu daripada mematuhi apa-apa kehendak untuk mengemukakan apa-apa penyata atau penyata akaun atau untuk membekalkan apa-apa maklumat lain di bawah Akta.

Projek baharu pengeluaran bahan makanan 6.

(1)

Pengecualian pembayaran cukai pendapatan yang diberikan di bawah subsubperenggan 4(1)(a) adalah yang berhubung dengan projek baharu pengeluaran bahan makanan yang melibatkan yang berikut:

(a)

penanaman tanaman industri, sayur-sayuran, buah-buahan, herba, rempah dan tanaman kontan;

(b)

akuakultur;

(c)

penternakan lebah madu dan kelulut;

(d)

penternakan lembu, kerbau, kambing, biri-biri dan rusa;

(e)

perikanan laut dalam; dan

(f)

tanaman makanan ternakan, tertakluk kepada subperenggan (2).

P.U. (A) 373 5

(2)

Tanaman makanan ternakan yang disebut dalam subsubperenggan (1)(f)

hendaklah yang diusahakan dalam suatu projek yang dikenal pasti oleh Menteri yang dipertanggungkan dengan tanggungjawab bagi projek itu dan diluluskan oleh Menteri.

(3)

Suatu projek baharu pengeluaran bahan makanan dalam perenggan ini hendaklah dikira sebagai suatu perniagaan berasingan dan tersendiri dalam menentukan pendapatan berkanun orang yang layak bagi maksud pengecualian di bawah Perintah ini.

Projek pembesaran 7.

Suatu projek pembesaran yang dikecualikan di bawah subsubperenggan 4(1)(b)—

(a)

hendaklah bagi maksud membesarkan projek baharu pengeluaran bahan makanan dalam subperenggan 6(1);

(b)

hendaklah melibatkan suatu kawasan tanah baharu; dan

(c)

hendaklah diluluskan oleh Menteri.

Kerugian 8.

(1)

Apa-apa amaun kerugian larasan yang ditanggung—

(a)

dari tahun taksiran dalam tempoh asas masing-masing bagi projek yang disebut dalam subperenggan 4(1) bermula sehingga tahun taksiran sebaik sebelum tahun-tahun taksiran yang dikecualikan, mengikut mana-mana yang berkenaan; dan

(b)

dalam masa tahun-tahun taksiran yang dikecualikan, mengikut mana-mana yang berkenaan, hendaklah dibawa ke hadapan dan dipotong daripada pendapatan berkanun masing-masing projek itu selepas tahun dan tahun-tahun taksiran yang dikecualikan,

P.U. (A) 373 6

mengikut mana-mana yang berkenaan, sehingga masing-masing projek itu menggunakan kesemua amaun kerugian larasan yang ia berhak sedemikian.

(2)

Sekian banyak daripada kerugian larasan yang telah digunakan untuk mengurangkan pendapatan berkanun bagi masing-masing projek yang disebut dalam subperenggan 4(1) selepas tahun atau tahun-tahun taksiran yang dikecualikan, mengikut mana-mana yang berkenaan, tidak diambil kira bagi maksud subseksyen 43(2)

dan 44(2) Akta.

Penarikan balik pengecualian cukai 9.

Menteri boleh menarik balik pengecualian cukai ke atas pendapatan berkanun bagi projek yang disebut dalam subperenggan 4(1) jika orang yang layak itu gagal memenuhi syarat yang dikenakan oleh Menteri.

Pemakaian perenggan 5 dan 6 Jadual 7A Akta 10.

Perenggan 5 dan 6 Jadual 7A hendaklah hanya terpakai, mutatis mutandis, bagi amaun pendapatan yang dikecualikan daripada projek yang disebut dalam subperenggan 4(1) bagi suatu syarikat yang diperbadankan di bawah Akta Syarikat 2016.

Penyelenggaraan akaun yang berasingan 11.

Orang yang layak yang dikecualikan di bawah subperenggan 4(1) hendaklah menyelenggarakan suatu akaun berasingan bagi pendapatan yang diperoleh daripada masing-masing projek yang disebut dalam subperenggan itu.

Ketidakpakaian 12.

Perintah ini tidak terpakai bagi orang yang layak bagi suatu tahun taksiran dalam tempoh asas jika orang yang layak itu─

(a)

telah diberikan apa-apa insentif di bawah

Akta

Penggalakan

Pelaburan 1986 [Akta 327];

(b)

telah membuat suatu tuntutan bagi elaun di bawah Jadual 7A atau 7B Akta;

P.U. (A) 373 7

(c)

telah diberikan suatu pengecualian di bawah perenggan 127(3)(b) atau subseksyen 123(3A) Akta; atau

(d)

telah membuat suatu tuntutan bagi potongan di bawah mana-mana kaedah-kaedah yang dibuat di bawah seksyen 154 Akta kecuali—

(i)

kaedah-kaedah berhubung dengan elaun dalam

Jadual 3 Akta;

(ii)

Kaedah-Kaedah Cukai Pendapatan (Potongan bagi Perbelanjaan

Audit) 2006 [P.U. (A) 129/2006]; atau

(iii)

Kaedah-Kaedah Cukai Pendapatan (Potongan bagi Perbelanjaan berhubung dengan Yuran Kesetiausahaan dan Yuran Pemfailan

Cukai) 2014 [P.U. (A) 336/2014].

Dibuat 22 Disember 2020

[MOF.TAX. (S)700-2/1/148; LHDN.01/35/(S)/42; PN(PU2)80/C]

DATO' SRI TENGKU ZAFRUL BIN TENGKU ABDUL AZIZ

Menteri Kewangan

[Akan dibentangkan di

Dewan

Rakyat menurut subseksyen 127(4)

Akta Cukai Pendapatan 1967]

P.U. (A) 373 8

INCOME TAX ACT 1967

INCOME TAX (EXEMPTION) (NO. 6) ORDER 2020

IN exercise of the powers conferred by paragraph 127(3)(b)

of the

Income Tax Act 1967 [Act 53], the Minister makes the following order:

Citation and commencement 1.

Order 2020.

(2)

This Order is deemed to have come into operation on 1 January 2016.

Interpretation 2.

In this Order, “qualified person” means a company incorporated under the Companies Act 2016 [Act 777], an-agro based co-operative society, an Area Farmers’

Association, a Federal Farmers’ Association, a State Farmers’ Association, an Area Fishermen’s Association, a Federal Fishermen’s Association, a State Fishermen’s

Association and sole proprietorship, or partnership or association solely engaged in agriculture or fishery.

Application 3.

This Order shall apply—

(a)

to a new food production project—

(i)

which an application in relation to exemption from the payment of income tax under paragraph 4 is made between 1 January 2016

until 31 December 2020 to the Minister through the Minister charged with the responsibility for that project;

P.U. (A) 373 9

(b)

for an expansion project that is approved by the Minister for the purpose of expanding the new food production project in subparagraph (a).

Exemption 4.

(1)

The Minister exempts a qualified person resident in Malaysia from the payment of income tax in relation to—

(a)

a new food production project for a period of ten consecutive years of assessment (referred to in this Order as the “exempt years of assessment”) in respect of its statutory income, commencing from the first year of assessment in which the qualified person derived statutory income in relation to that project; or

(b)

an expansion project for a period of five consecutive years of assessment (referred to in this Order as the “exempt years of assessment”) in respect of the statutory income from expansion projects, commencing from the first year of assessment in which the qualified person derived statutory income in relation to the expansion projects, and the first year of assessment shall not be earlier than the year of assessment in the basis period in which the date of approval from the Minister falls.

(2)

Subject to the subparagraph (3), the statutory income of the project referred to in subparagraph (1) in the basis period for each of the exempt years of assessment, as the case may be, shall be determined after deducting allowances which fall to be made under Schedule 3 of the Act notwithstanding that no claim for such allowances has been made.

(3)

If an asset is used for the purposes of the project referred to in subparagraph (1) is also used for the purposes of a project other than that project,

P.U. (A) 373 10

as the case may be, the allowances which fall to be made under Schedule 3 of the Act shall be deducted as is reasonable having regard to the extent to which the asset is used for the purposes of the first-mentioned project, as the case may be.

Duty to comply the requirement to furnish return and information under the Act 5.

Nothing in subparagraph 4(1) shall absolve or is deemed to absolve the qualified person from complying with any requirement to submit any return or statement of accounts or to furnish any other information under the Act.

New food production project

6.

(1)

The exemption from the payment of income tax which is given under subsubparagraph 4(1)(a) in relation to a new food production project which involved the following:

(a)

planting of industrial crop, vegetables, fruits, herbs, spices and cash crop;

(b)

aquaculture;

(c)

rearing of honey and urena lobata bees;

(d)

rearing of cows, buffaloes, goats, sheep and deer;

(e)

deep sea fishing; and

(f)

planting of feed mill, subject to subparagraph (2).

(2)

The planting of feed mill which is referred in subsubparagraph (1)(f) shall be cultivated in a project which has been identified by the Minister in charged with the responsibility of that project and approved by the Minister.

(3)

A new food production project in this paragraph shall be regarded as a separate and distinct business in determining the statutory income of qualified person for the purpose of exemption under this Regulations.

P.U. (A) 373 11

Expansion project 7.

An expansion project which is exempted under subsubparagraph 4(1)(b)—

(a)

shall for the purpose of expanding the new food production project in subparagraph 6(1);

(b)

shall involve a new area of land; and

(c)

shall approved by the Minister.

Losses 8.

(1)

Any amount of adjusted loss incurred—

(a)

from the year of assessment in the basis period respectively for the project referred to in subparagraph 4(1) commenced to the year of assessment immediately prior to the exempt years of assessment, as the case may be; and

(b)

during the exempt years of assessment, as the case may be, shall be carried forward and deducted from the statutory income respectively of the project in its post-exempt year or years of assessment, as the case may be, until the project respectively utilized the whole amount of the adjusted loss to which it is so entitled.

(2)

So much of the adjusted loss that was utilized to reduce the statutory income of the project respectively referred to in subparagraph 4(1) in its post-exempt year or years of assessment, as the case may be, shall be disregarded for the purposes of the subsections 43(2) and 44(2) of the Act.

P.U. (A) 373 12

Withdrawal of tax exemption 9.

The Minister may withdraw the exemption on the statutory income of the project referred to in subparagraph 4(1) if the qualified person fails to comply with the conditions imposed by the Minister.

Application of paragraphs 5 and 6 of Schedule 7A of the Act 10.

Paragraphs 5 and 6 of Schedule 7A of the Act shall only apply, mutatis mutandis, to the amount of income exempted from the projects referred to in subparagraphs 4(1)

for a company incorporated under the Companies Act 2016.

Maintaning of separate accounts 11.

The qualified person which is exempted under subparagraph 4(1)(a) shall maintain a separate account for the income derived from the projects respectively referred to in that subparagraph.

Non-application 12.

This Order shall not apply to a qualified person for a year of assessment in the basis period if the qualified person—

(a)

has been granted any incentive under the Promotion of Investments

Act 1986 [Act 327];

(b)

has made a claim for allowance under Schedule 7A or Schedule 7B of the Act;

(c)

has been granted an exemption under exemption under paragraph 127(3)(b) or subsection 127(3A) of the Act; or

(d)

has made a claim for deduction under any rules made under section 154

of the Act except─

(i)

the rules in relation to the allowance in Schedule 3 of the Act;

P.U. (A) 373 13

(ii)

the Income Tax (Deduction for Audit Expenditure) Rules 2006

[P.U. (A) 129/2006]; or

(iii)

the Income Tax (Deduction for Expenses in relation to Secretarial

Fee and Tax Filing Fee) Rules 2014 [P.U. (A) 336/2014].

Made 22 December 2020

[MOF.TAX. (S)700-2/1/148; LHDN.01/35/(S)/42; PN(PU2)80/C]

[To be laid before the

Dewan

Rakyat pursuant to subsection 127(4)

of the Income Tax Act 1967]

DATO’ SRI TENGKU ZAFRUL BIN TENGKU ABDUL AZIZ

Minister of Finance