Seksyen 24
Akta ibu dipinda dengan memasukkan selepas seksyen 30
seksyen yang berikut:
“Return on expenditure during exploration period 30a. (1) Every chargeable person shall, for each exploration period, furnish to the Director General within seven months
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from the date following the end of that period a return in the prescribed form containing—
(a)
the amount of exploration expenditure incurred by that chargeable person in relation to petroleum operation in that period; and
(b)
such particulars as may be required by the Director
General.
(2)
For the purposes of subsection (1)—
(a)
the first exploration period of the chargeable person shall be the period that commences on the date the petroleum agreement is signed, or on such other date as may be determined by the chargeable person with the approval of the Director General; and
(b)
each exploration period shall be a period of twelve months except in the case of the first exploration period or final exploration period, where the period may be less than twelve months.
(3)
In this section, “exploration period” means a period or periods prior to the first basis period of the chargeable person.
Amendment of return 30b. (1) Where for a year of assessment a chargeable person has furnished a return in accordance with subsection 30(1), that person may make amendment to such return in an amended return as prescribed by the Director General in respect of the amount of tax or additional tax payable by that person on the chargeable income.
(2)
An amended return under subsection (1) shall only be made after the due date for the furnishing of the return pursuant to subsection 30(1), but not later than six months from that date.
Kewangan 21
(3)
For the purposes of this section, the amended return shall—
(a)
specify the amount or additional amount of chargeable income and the amount of tax or additional tax payable on that chargeable income;
(b)
specify the increased sum ascertained in accordance with subsection (4); or
(c)
contain such particulars as may be required by the
Director General.
(4)
Where an amended return is furnished by a chargeable person under subsection (1), any amount of tax or additional tax payable by that person under the amended return shall be increased by a sum equal to ten per cent of that amount and the increased sum shall constitute part of such tax or additional tax payable by that person.
(5)
The amendment under subsection (1) shall only be made once.
(6)
Where—
(a)
a return for a year of assessment has been furnished in accordance with subsection 30(1); and
(b)
the Director General has made an assessment for that year of assessment under section 39, no amendment shall be made under this section.”.
Seksyen baru 34a