PERINTAH CUKAI PENDAPATAN (PENGECUALIAN) (NO. 7) 2019

“eksport” ertinya eksport langsung dari Malaysia hasil pertanian atau keluaran daripada pengilangan tetapi tidak termasuk—

Jadual 7A kepada Akta;

“syarikat yang layak” ertinya syarikat yang diperbadankan di bawah

Akta Syarikat 2016 [Akta 777] dan bermastautin di Malaysia.

Pengecualian 3.

(1)

Tertakluk kepada subperenggan (2) dan (3), dan perenggan 4, Menteri mengecualikan suatu syarikat yang layak yang mencapai peningkatan jualan eksport bagi hasil pertanian atau keluaran daripada pengilangan daripada pembayaran cukai pendapatan berkenaan dengan pendapatan yang diperoleh daripada jualan eksport dalam tempoh asas bagi suatu tahun taksiran.

(2)

Pengecualian yang disebut dalam subperenggan (1) adalah tertakluk kepada syarat yang berikut:

(b)

hasil pertanian itu ditanam, diternak atau ditangkap oleh syarikat yang layak itu; dan

(c)

keluaran daripada pengilangan itu dikilangkan oleh syarikat yang layak itu.

(3)

Pengecualian di bawah subperenggan (1) tidak terpakai bagi eksport—

(a)

keluaran daripada pengilangan yang tertakluk kepada larangan mengenai eksport di bawah Akta Kastam 1967; dan

(b)

keluaran daripada pengilangan yang tersenarai dalam Jadual.

P.U. (A) 163 4

Amaun pendapatan yang dikecualikan 4.

(1)

Amaun pendapatan yang dikecualikan di bawah perenggan 3 ialah suatu amaun yang bersamaan dengan—

(2)

Walau apa pun subperenggan (1), amaun pendapatan yang dikecualikan hendaklah tidak melebihi tujuh puluh peratus daripada pendapatan berkanun syarikat yang layak itu bagi suatu tahun taksiran.

(3)

Dalam perenggan ini, “nilai tambah” ertinya harga jualan barang pada harga kilang yang ditolak jumlah kos bahan mentah.

Penentuan nilai peningkatan eksport 5.

(1)

Nilai peningkatan eksport hendaklah ditentukan berdasarkan perbezaan antara—

(a)

nilai percuma ke atas kapal bagi jualan eksport dalam suatu tempoh asas dengan nilai percuma ke atas kapal bagi jualan eksport dalam tempoh asas sebaik sebelum tempoh asas itu, jika kedua-dua tempoh asas bagi syarikat yang layak itu ialah tempoh dua belas bulan yang berakhir pada tarikh yang sama; atau

P.U. (A) 163 5

(b)

nilai percuma ke atas kapal purata bagi jualan eksport dalam suatu tempoh asas dengan nilai percuma ke atas kapal purata bagi jualan eksport dalam tempoh asas sebaik sebelum tempoh asas itu, jika kedua-dua tempoh asas bagi syarikat yang layak itu bukan tempoh dua belas bulan yang berakhir pada tarikh yang sama disebabkan pertukaran tempoh asas syarikat yang layak itu atau syarikat yang layak itu baru diperbadankan.

(2)

Bagi maksud subperenggan (1), nilai percuma ke atas kapal bagi jualan eksport dalam suatu tempoh asas atau tempoh asas sebaik sebelum tempoh asas itu hendaklah tidak bersamaan dengan sifar.

Ketidakcukupan pendapatan 6.

Jika, oleh sebab ketiadaan atau ketidakcukupan pendapatan berkanun, pengecualian tidak boleh diberikan atau tidak boleh diberikan sepenuhnya sebagaimana yang syarikat yang layak itu berhak di bawah perenggan 3 bagi tahun taksiran itu, maka sekian banyak daripada pendapatan berkanun yang berkenaan dengannya pengecualian tidak boleh diberikan bagi tahun taksiran itu hendaklah diberikan pengecualian bagi tahun taksiran pertama yang berikutnya bagi tempoh asas yang syarikat yang layak itu mempunyai pendapatan berkanun daripada eksport hasil pertanian atau keluaran daripada pengilangan dan bagi tahun atau tahun-tahun taksiran yang berikutnya sehinggalah pengecualian diberikan berkenaan dengan keseluruhan pendapatan berkanun sebagaimana yang syarikat yang layak itu berhak di bawah perenggan 3 tetapi hendaklah tidak melebihi tujuh puluh peratus daripada pendapatan berkanun bagi setiap tahun taksiran itu.

Punca berasingan dan akaun berasingan 7.

(1)

Jika syarikat yang layak menjalankan suatu aktiviti berhubung dengan eksport hasil pertanian atau keluaran daripada pengilangan dan aktiviti selain aktiviti berhubung dengan eksport hasil pertanian atau keluaran daripada pengilangan, setiap aktiviti hendaklah dikira sebagai suatu punca berasingan dan berlainan bagi aktiviti itu.

P.U. (A) 163 6

(2)

Syarikat yang layak yang diberikan pengecualian di bawah perenggan 3

hendaklah menyenggara suatu akaun yang berasingan bagi pendapatan yang diperoleh daripada setiap aktiviti yang disebut dalam subperenggan (1).

Ketidakpakaian 8.

Perintah ini tidak terpakai bagi suatu syarikat yang layak berkenaan dengan eksport hasil pertanian atau keluaran daripada pengilangan yang sama jika dalam tempoh asas bagi suatu tahun taksiran—

(a)

syarikat yang layak itu telah diberikan elaun pelaburan semula di bawah

Jadual 7A kepada Akta atau elaun pelaburan bagi sektor perkhidmatan di bawah Jadual 7B kepada Akta;

(b)

syarikat yang layak itu telah diberikan apa-apa insentif di bawah

Akta Penggalakan Pelaburan 1986 [Akta 327];

(c)

syarikat yang layak itu telah diberikan apa-apa pengecualian di bawah perenggan 127(3)(b) atau subseksyen 127(3A) Akta; atau

(d)

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

(i)

kaedah-kaedah berhubung dengan elaun di bawah Jadual 3 kepada Akta;

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

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

P.U. (A) 163 7

JADUAL

Produk

Kod sistem berharmoni

1.

Jongkong timah atau papak, bijih timah dan bijih padat

80.01;

2609.00 000 2.

Getah asli keping dan papak, getah piawaian Malaysia, getah asli krep, susu getah asli dan gam asli

4001.10; 4001.21 4001.22; 4001.29 4001.30

3.

Minyak isirung kelapa sawit mentah, bungkil isirung kelapa sawit dan minyak kelapa sawit mentah

1513.21 100;

2306.60 000;

1511.10 000 4.

Kelapa kering, bungkil kelapa kering dan minyak kelapa mentah 1203.00 000;

1513.11 000;

2306.50 000

5.

Kayu balak, kayu gergaji (tidak digred dan tidak dikering tanur) dan serpai kayu (kecuali briket)

44.08; 44.07;

44.01; 44.30

6.

Minyak petroleum (minyak mentah dan selain minyak mentah) dan gas petroleum dan gas hidrokarbon yang lain (dalam keadaan cecair atau bergas) hidrogen, nitrogen dan oksigen

2709.00; 2710.00;

27.11; 27.12; 27.13;

2804.10 000;

2804.30 000;

2804.40 000

P.U. (A) 163 8

Dibuat 16 Mei 2019

[Perb. CR(8.20)116/1-138(2016)(SJ.2)(SK.2); LHDN.01/10.5-1/61-5; PN(PU2)80/XCIV]

LIM GUAN ENG

Menteri Kewangan

[Akan dibentangkan di

Dewan

Rakyat menurut subseksyen 127(4)

Akta Cukai Pendapatan 1967]

P.U. (A) 163 9

INCOME TAX ACT 1967

INCOME TAX (EXEMPTION) (NO. 7) ORDER 2019

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.

(1)

This order may be cited as the Income Tax (Exemption) (No. 7) Order 2019.

(2)

This Order is deemed to have come into operation from the year of assessment 2016 until the year of assessment 2020.

Interpretation 2.

In this Order—

“export” means direct export from Malaysia of agricultural produce or product from manufacturing but does not include—

(a)

sales to any company in an area declared as free zones under the

Free Zones Act 1990 [Act 438];

(b)

sales to any company which is granted a licence for warehousing or a licence to carry on any manufacturing process under section 65 or 65A of the

Customs Act 1967 [Act 235], as the case may be; and

(c)

sales to any company within Langkawi, Labuan or Tioman;

“agricultural produce” means fresh and dried fruits, fresh and dried flowers, ornamental plant, and includes ornamental fish, frozen raw prawn, frozen cooked and peeled prawn, frozen raw cuttlefish and frozen raw squid;

“manufacturing” has the meaning assigned to it in paragraph 9 of Schedule 7A to the Act;

P.U. (A) 163 10

“qualifying company”

means a company incorporated under the

Companies Act 2016 [Act 777] and resident in Malaysia.

Exemption 3.

(1)

Subject to subparagraphs (2) and (3), and paragraph 4, the Minister exempts a qualifying company which achieves increase in export sales of agricultural produce or product from manufacturing from the payment of income tax in respect of the income derived from export sales in the basis period for a year of assessment.

(2)

The exemption referred to in subparagraph (1) is subject to the following conditions:

(a)

the qualifying company has a paid-up share capital in respect of its ordinary shares not exceeding two million five hundred thousand ringgit at the beginning of the basis period for a year of assessment;

(b)

the agricultural produce is planted, reared or caught by the qualifying company; and

(c)

the product from manufacturing is manufactured by the qualifying company.

(3)

The exemption under subparagraph (1) does not apply to the export of—

(a)

product from manufacturing which is subject to prohibition of exports under the Customs Act 1967; and

(b)

product from manufacturing which is listed in the Schedule.

P.U. (A) 163 11

Amount of income to be exempted

4.

(1)

The amount of income exempted under paragraph 3 is an amount equal to—

(b)

fifteen per cent of the value of increased exports of the manufacturing product of the qualifying company where the manufacturing product exported attained at least forty per cent of the value added; or

(c)

ten per cent of the value of increased exports of the agricultural produce of the qualifying company.

(2)

Notwithstanding subparagraph (1), the amount of income exempted shall not exceed seventy per cent of the statutory income of the qualifying company for a year of assessment.

(3)

In this paragraph, “value added” means the sale price of goods at the factory price which is less the total cost of raw material.

Determination of value of increased exports 5.

(1)

The value of increased exports shall be determined based on the difference between—

(b)

the average free-on-board value of export sales in a basis period with the average free-on-board value of export sales in the basis period immediately preceding that basis period, where both basis periods of the

P.U. (A) 163 12

qualifying company are not twelve months period ending on the same date due to the change of the basis period of the qualifying company or the qualifying company is newly incorporated.

(2)

For the purpose of subparagraph (1), the value of free-on-board export sales in a basis period or the basis period immediately preceding that basis period shall not be equal to zero.

Insufficiency of income 6.

Where, by reason of the absence or insufficiency of the statutory income, exemption cannot be granted or cannot be granted in full as the qualifying company is entitled under paragraph 3 for that year of assessment, then so much of the statutory income in respect of which exemption cannot be granted for that year of assessment shall be given exemption for the first subsequent year of assessment for the basis period for which the qualifying company has statutory income from the export of agricultural produce or product from manufacturing and for subsequent year or years of assessment until the exemption is granted in respect of the whole statutory income as the qualifying company is entitled under paragraph 3 but shall not exceed seventy per cent from the statutory income for each year of assessment.

Separate source and separate account 7.

(1)

Where a qualifying company carries on an activity in relation to the export of agricultural produce or product from manufacturing and activity other than the activity in relation to the export of agricultural produce or product from manufacturing, each activity shall be treated as a separate and distinct source of the activity.

(2)

The qualifying company which is granted an exemption under paragraph 3

shall maintain a separate account for the income derived from each activity referred to in subparagraph (1).

P.U. (A) 163 13

Non-application 8.

This Order shall not apply to a qualifying company in respect of the same export of agricultural produce or product from manufacturing if in the basis period for a year of assessment—

(a)

the qualifying company has been granted reinvestment allowance under

Schedule 7A to the Act or investment allowance for service sector under

Schedule 7B to the Act;

(b)

the qualifying company has been granted any incentive under the

Promotion of Investments Act 1986 [Act 327];

(c)

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

(d)

the qualifying company has made a claim for deduction under any rules made under section 154 of the Act except—

(i)

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

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

Product

Harmonized system code

1.

Tin ingot or slab, tin ore and concentrate 80.01;

2609.00 000

P.U. (A) 163 14

Product

Harmonized system code

2.

Natural rubber sheet and slab, standard Malaysian rubber, crepe natural rubber, natural rubber latex and natural gum

4001.10; 4001.21 4001.22; 4001.29 4001.30 3.

Crude palm kernel oil, palm kernel cake and crude palm oil 1513.21 100;

2306.60 000;

1511.10 000

4.

Copra, copra cake and crude coconut oil 1203.00 000;

1513.11 000;

2306.50 000

5.

Log, sawn timber (ungraded and non-kiln dry) and wood chip (except briquette)

44.08; 44.07;

44.01; 44.30

6.

Petroleum oil (crude and other than crude oil) and petroleum gas and other gaseous hydrocarbon (liquefied or in gaseous state) hydrogen, nitrogen and oxygen

2709.00; 2710.00;

27.11; 27.12; 27.13;

2804.10 000;

2804.30 000;

2804.40 000

Made 16 May 2019

[Perb. CR(8.20)116/1-138(2016)(SJ.2)(SK.2); LHDN.01/10.5-1/61-5; PN(PU2)80/XCIV]

LIM GUAN ENG

Minister of Finance

[To be laid before the Dewan Rakyat pursuant to subsection 127(4) of the

Income Tax Act 1967]