Akta Kewangan 2007 · Updated to 1 Oct 2018 · Bahagian I · Pindaan Kepada Akta Cukai Pendapatan 1967
16. Seksyen baharu 60i
Official textFrom Laws of Malaysia Online, unchanged
Akta ibu dipinda dengan memasukkan selepas seksyen 60h seksyen yang berikut:
“Company that establishes special purpose vehicle 60i. (1) For the purpose of this Act, where a company establishes a special purpose vehicle solely for the issuance of
Islamic securities, any source of the special purpose vehicle and any income from that source shall be treated as a source
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and income of that company and such company shall have the right to receive and utilize any proceeds derived from the issuance of such Islamic securities.
The special purpose vehicle is exempt from the responsibility of doing all acts and things required to be done under this Act.
The company that establishes the special purpose vehicle shall keep and retain in safe custody records and documents in accordance with sections 82 and 82a for the purpose of ascertaining the chargeable income of the company from the source referred to in subsection (1).
In this section—
“Islamic securities” means Islamic securities which adopt the principles of mudharabah, musyarakah, ijarah or istisna’ approved by the Securities Commission;
“special purpose vehicle” means a company incorporated under the Companies Act 1965 and established solely for the purpose of complying with the principles of syariah in the issuance of Islamic securities but excludes a company which issues asset-backed securities in a securitization transaction approved by the Securities Commission.”.
Bahagian XII
Part XII
Bahagian II
Peruntukan Kecualian dan Peralihan
Bab III
Pindaan Kepada Akta Setem 1949
Bab IV
Bab V