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Section 10

Chargeable petroleum delivered to refinery or gas processing plant

of Petroleum (Income Tax) Act 1967

ActIn forceProvision 10 of 124
Section 10

Where in the relevant period any chargeable petroleum of the relevant chargeable person is delivered to a refinery in Malaysia for refining or to a gas processing plant in Malaysia for processing by or on behalf of that chargeable person, an amount equal to the market value of the chargeable petroleum shall be treated as gross income of that chargeable person for that period.