How many sections does PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 have?

PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 contains 2 sections.

/akn/my/act/pua/2024/444

PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024

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Type: P.U. (A)
Status: In force
Enacted: 2024
Sections: 2

Quick answer

About this p.u. (a)

PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 is Malaysia P.U. (A), cited as P.U. (A) 444 2024, currently marked in force and first recorded in 2024.

Opening note

Preamble

PADA menjalankan kuasa yang diberikan oleh perenggan 127(3)(b) Akta Cukai Pendapatan 1967 [Akta 53], Menteri membuat perintah yang berikut: Nama dan permulaan kuat kuasa

Seksyen 1

(1)

Perintah ini bolehlah dinamakan

Perintah

Cukai

Pendapatan

(Sekuriti Islam) (Pengecualian) 2024.

(2)

Perintah ini mula berkuat kuasa mulai tahun taksiran 2024.

Pengecualian

Seksyen 2

(1)

Menteri mengecualikan mana-mana pembekal diluluskan dan pengguna diluluskan daripada pembayaran cukai pendapatan dalam tempoh asas bagi suatu tahun taksiran berkenaan dengan pendapatan berkanun yang diperoleh daripada suatu transaksi terunding penjualan dan pembelian sekuriti Islam selain bayaran berstruktur, ansuran bulanan dan keuntungan yang diperoleh atas kolateral dan rebat yang terbit daripada—

(a)

pembelian dan penjualan sekuriti Islam yang disenaraikan di Bursa Malaysia Securities Berhad;

(b)

pulangan sekuriti Islam yang sama atau setara;

(c)

penukaran kolateral yang sepadan; dan

(d)

pelaksanaan pilihan pemulihan akibat pengelasan semula status sekuriti Islam itu kepada sekuriti tidak patuh Shariah, berkenaan dengan suatu transaksi terunding penjualan dan pembelian sekuriti Islam di bawah suatu perjanjian transaksi terunding penjualan dan pembelian sekuriti Islam.

(2)

Tiada apa-apa jua dalam subperenggan (1) boleh melepaskan atau disifatkan telah melepaskan pembekal diluluskan dan pengguna diluluskan itu daripada mematuhi apa-apa kehendak untuk mengemukakan apa-apa penyata atau penyata akaun atau memberikan apa-apa maklumat lain di bawah Akta.

(3)

Dalam Perintah ini—

“pembekal diluluskan” ertinya seseorang yang diluluskan oleh pusat penjelasan diluluskan untuk menjadi seorang pembekal dalam suatu penjualan dan pembelian sekuriti Islam di bawah suatu perjanjian transaksi terunding penjualan dan pembelian sekuriti Islam;

“pengguna diluluskan” ertinya seseorang yang diluluskan oleh pusat penjelasan diluluskan untuk menjadi seorang pengguna dalam suatu penjualan dan pembelian sekuriti Islam di bawah suatu perjanjian transaksi terunding penjualan dan pembelian sekuriti Islam;

“pusat penjelasan diluluskan” mempunyai erti yang diberikan kepadanya dalam

Akta Pasaran Modal dan Perkhidmatan 2007 [Akta 671];

“transaksi terunding penjualan dan pembelian sekuriti Islam” ertinya transaksi terunding penjualan dan pembelian sekuriti Islam sebagaimana yang dinyatakan dalam kaedah-kaedah suatu pusat penjelasan diluluskan di bawah Akta Pasaran Modal dan Perkhidmatan 2007.

Dibuat 17 Disember 2024

[MOF.TAX(S).700-1/3/110; LHDN.AY.A 600-12/1/7(29)-363; PN(PU2)80/JLD.113]

ANWAR BIN IBRAHIM

Menteri Kewangan

[Akan dibentangkan di

Dewan

Rakyat menurut subseksyen 127(4)

Akta Cukai Pendapatan 1967]

INCOME TAX ACT 1967

INCOME TAX (ISLAMIC SECURITIES) (EXEMPTION) ORDER 2024

Opening note

Preamble

IN exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax 1967 [Act 53], the Minister makes the following order: Citation and commencement 1.

(1)

This order may be cited as the Income Tax (Islamic Securities)

(Exemption) Order 2024.

(2)

This Order has effect from the year of assessment 2024.

Exemption 2.

(1)

The Minister exempts any approved supplier and approved user from the payment of income tax in the basis period for a year of assessment in respect of the statutory income derived from an Islamic securities selling and buying negotiated transaction other than structured payments, monthly instalment and profit earned on collateral and rebate arising from—

(a)

the selling and buying of Islamic securities listed on Bursa Malaysia

Securities Berhad;

(b)

the return of the same or equivalent Islamic securities;

(c)

the corresponding exchange of collateral; and

(d)

the exercise of any remedial option due to reclassification of the status of the Islamic securities to Shariah non-compliant securities, in respect of an Islamic securities selling and buying negotiated transaction under an Islamic securities selling and buying negotiated transaction agreement.

(2)

Nothing in subparagraph (1) shall absolve or be deemed to have absolved the approved supplier and approved user from complying with any requirement to submit any return or statement of accounts or to furnish any other information under the Act.

(3)

In this Order—

“approved supplier” means a person approved by an approved clearing house to be a supplier in an Islamic securities selling and buying under an Islamic securities selling and buying negotiated transaction agreement;

“approved user” means a person approved by an approved clearing house to be a user in an Islamic securities selling and buying under an Islamic securities selling and buying negotiated transaction agreement;

“approved clearing house” has the meaning assigned to it in the

Capital Markets and Services Act 2007 [Act 671];

“Islamic securities selling and buying negotiated transaction” means an Islamic securities selling and buying negotiated transaction as specified in the rules of an approved clearing house under the Capital Markets and

Services Act 2007.

Made 17 December 2024

[MOF.TAX(S).700-1/3/110; LHDN.AY.A 600-12/1/7(29)-363; PN(PU2)80/JLD.113]

ANWAR BIN IBRAHIM

Minister of Finance

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

Income Tax Act 1967]

Common questions

What is PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024?: PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 is Malaysia P.U. (A), cited as P.U. (A) 444 2024, currently marked in force and first recorded in 2024.
Is PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 still in force?: Yes — PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 is currently in force.
When did PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 take effect?: PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 was first recorded in 2024.
How many sections does PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 have?: PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 contains 2 sections.
Where can I read the official version of PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024?: The official text of PERINTAH CUKAI PENDAPATAN (SEKURITI ISLAM) (PENGECUALIAN) 2024 is published at lom.agc.gov.my.