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PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024

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Type
P.U. (A)
Status
In force
Enacted
2024
Sections
5

Quick answer

About this p.u. (a)

PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 is Malaysia P.U. (A), cited as P.U. (A) 289 2024, currently marked in force and first recorded in 2024.

Opening note

Preamble

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  1. 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

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(1)

Perintah ini bolehlah dinamakan

Perintah

Cukai

Pendapatan

(Skim Penstrukturan Semula Syarikat) (Pengecualian) 2024.

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(2)

Perintah ini berkuat kuasa mulai 1 Mac 2024 hingga 31 Disember 2028.

Pengecualian

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Seksyen 2

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(1)

Menteri mengecualikan suatu syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi daripada pembayaran cukai pendapatan berkenaan dengan pendapatan yang boleh dikenakan cukai daripada laba atau keuntungan yang diterima daripada pelupusan syer suatu syarikat yang diperbadankan di

Malaysia yang tidak tersenarai di bursa saham kepada suatu syarikat pemeroleh, suatu syarikat yang bermastautin di Malaysia.

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(2)

Bagi maksud pengecualian di bawah subperenggan (1)—

(a)

pelupusan syer itu hendaklah dibuat dalam tempoh mulai 1 Mac 2024 hingga 31 Disember 2028;

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(b)

syer itu hendaklah dilupuskan di bawah suatu skim penstrukturan semula syarikat dalam kumpulan yang sama untuk meningkatkan kecekapan dalam pengendalian syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu, atau syarikat pemeroleh itu atau kedua-duanya; dan

P.U. (A) 289 3

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(c)

balasan bagi pelupusan syer itu hendaklah terdiri daripada syer dalam syarikat pemeroleh itu atau tidak kurang daripada tujuh puluh lima peratus syer dalam syarikat pemeroleh itu dan bakinya dengan bayaran wang, dan syer itu hendaklah dikeluarkan kepada syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu.

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(3)

Tertakluk kepada subperenggan (4), syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu hendaklah memohon secara bertulis kepada

Ketua Pengarah selepas tempoh tiga tahun dari tarikh pelupusan syer oleh syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu.

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(4)

Syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu hendaklah mematuhi syarat yang dikenakan oleh Menteri sebagaimana yang dinyatakan dalam garis panduan yang dikeluarkan oleh Ketua Pengarah di bawah seksyen 134A Akta.

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(5)

Tiada apa-apa jua dalam subperenggan (1) boleh melepaskan atau disifatkan telah melepaskan syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu daripada mematuhi apa-apa kehendak untuk mengemukakan apa-apa penyata atau penyata akaun atau untuk memberikan apa-apa maklumat lain di bawah Akta.

Kerugian daripada pelupusan syer

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Seksyen 3

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Jika syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu mengalami apa-apa kerugian daripada pelupusan syer yang disebut dalam perenggan 2

dalam tempoh mulai 1 Mac 2024 hingga 31 Disember 2028, kerugian itu tidak boleh diambil kira bagi maksud subseksyen 65E(5) dan (6) Akta.

Seksyen 4

Penentuan amaun atau nilai balasan pemerolehan bagi pelupusan syer yang berikutnya

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Jika syarikat pemeroleh itu kemudiannya melupuskan syer yang disebut dalam perenggan 2, amaun atau nilai balasan pemerolehan yang ditentukan bagi syer itu hendaklah disifatkan sama dengan amaun atau nilai balasan yang ditentukan mengikut

P.U. (A) 289 4

perenggan 65E(2)(b) Akta yang telah dibayar bagi syer itu oleh syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu ditambah dengan belanja yang dibenarkan di bawah subperenggan 65E(2)(a)(i) dan (ii) Akta yang dilakukan oleh syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu.

Seksyen 5

Ketidakpakaian

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(a)

suatu pelupusan syer suatu syarikat yang diperbadankan di Malaysia yang tidak tersenarai di bursa saham yang laba atau keuntungan daripada pelupusan syer itu dikenakan cukai sebagai suatu pendapatan perniagaan di bawah perenggan 4(a) Akta;

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(b)

suatu pelupusan syer oleh syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi itu berkenaan dengan penstrukturan semula mana-mana syarikat bagi maksud suatu tawaran awam permulaan dan permohonan bagi tawaran awam permulaan itu telah dibuat kepada Suruhanjaya Sekuriti atau Bursa Malaysia Securities Berhad; atau

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(c)

suatu syarikat, perkongsian liabiliti terhad, badan amanah atau koperasi yang pengecualian cukai telah diberikan di bawah perenggan 127(3)(b) atau subseksyen 127(3A) Akta berkenaan dengan pelupusan syer yang sama.

Dibuat 3 Oktober 2024

[MOF.TAX(S)700-1/3/115; LHDN.AY.A.600-12/1/7(29)-338; PN(PU2)80/JLD.112]

DATUK SERI AMIR HAMZAH AZIZAN

Menteri Kewangan II

[Akan dibentangkan di

Dewan

Rakyat menurut subseksyen 127(4)

Akta Cukai Pendapatan 1967]

P.U. (A) 289 5

INCOME TAX ACT 1967

INCOME TAX (RESTRUCTURING OF COMPANIES SCHEME)

(EXEMPTION) ORDER 2024

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Opening note

Preamble

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  1. 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 (Restructuring of Companies

Scheme) (Exemption) Order 2024.

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(2)

This Order has effect from 1 March 2024 to 31 December 2028.

Exemption 2.

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(1)

The Minister exempts a company, limited liability partnership, trust body or co-operative society from the payment of income tax in respect of chargeable income from gains or profits received from the disposal of shares of a company incorporated in Malaysia which is not listed on the stock exchange to an acquirer company, a company resident in Malaysia.

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(2)

For the purposes of exemption under subparagraph (1)—

(a)

the disposal of shares shall be made within the period from 1 March 2024 to 31 December 2028;

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(b)

the shares shall be disposed of under a scheme for restructuring of companies in the same group to increase efficiency in the operation of the company, limited liability partnership, trust body or co-operative society, or the acquirer company or both; and

P.U. (A) 289 6

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(c)

the consideration for the disposal of shares shall consist of shares in the acquirer company or not less than seventy-five per cent of shares in the acquirer company and the balance of a money payment, and the shares shall be issued to the company, limited liability partnership, trust body or co-operative society.

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(3)

Subject to subparagraph (4), the company, limited liability partnership, trust body or co-operative society shall apply in writing to the Director General after the period of three years from the date of the disposal of shares by the company, limited liability partnership, trust body or co-operative society.

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(4)

The company, limited liability partnership, trust body or co-operative society shall comply with the conditions imposed by the Minister as specified in the guidelines issued by the Director General under section 134A of the Act.

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(5)

Nothing in subparagraph (1) shall absolve or be deemed to have absolved the company, limited liability partnership, trust body or co-operative society from complying with any requirement to submit any return or statement of accounts or to furnish any other information under the Act.

Loss from disposal of shares 3.

Where the company, limited liability partnership, trust body or co-operative society incurs any loss from the disposal of shares referred to in paragraph 2

within the period from 1 March 2024 to 31 December 2028, such loss shall be disregarded for the purposes of subsections 65E(5) and (6) of the Act.

Determination of acquisition amount or value of consideration for subsequent disposal of shares 4.

If the acquirer company subsequently disposes of the shares referred to in paragraph 2, the acquisition amount or value of consideration determined for the shares shall be deemed to be equal to the amount or value of consideration determined under paragraph 65E(2)(b) of the Act paid for the shares by the company,

P.U. (A) 289 7

limited liability partnership, trust body or co-operative society plus the allowable expenses under subparagraphs 65E(2)(a)(i) and (ii) of the Act incurred by the company, limited liability partnership, trust body or co-operative society.

Non-application 5.

This Order shall not apply to—

(a)

a disposal of shares of a company incorporated in Malaysia which is not listed on the stock exchange where gains or profits from the disposal of shares is chargeable to tax as a business income under paragraph 4(a) of the Act;

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(b)

a disposal of shares by the company, limited liability partnership, trust body or co-operative society in respect of restructuring of any companies for the purposes of an initial public offering and the application for the initial public offering has been made to the Securities Commission or Bursa Malaysia Securities Berhad; or

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(c)

a company, limited liability partnership, trust body or co-operative society which a tax exemption has been granted under paragraph 127(3)(b)

or subsection 127(3A) of the Act in respect of the same disposal of shares.

Made 3 October 2024

[MOF.TAX(S)700-1/3/115; LHDN.AY.A.600-12/1/7(29)-338; PN(PU2)80/JLD.112]

DATUK SERI AMIR HAMZAH AZIZAN

Minister of Finance II

[To be laid before the Dewan Rakyat pursuant to subsection 127(4) of the Income Tax Act 1967]

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Common questions

What is PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024?
PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 is Malaysia P.U. (A), cited as P.U. (A) 289 2024, currently marked in force and first recorded in 2024.
Is PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 still in force?
Yes — PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 is currently in force.
When did PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 take effect?
PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 was first recorded in 2024.
How many sections does PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 have?
PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 contains 5 sections.
Where can I read the official version of PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024?
The official text of PERINTAH CUKAI PENDAPATAN (SKIM PENSTRUKTURAN SEMULA SYARIKAT) (PENGECUALIAN) 2024 is published at lom.agc.gov.my.