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Bab VII · Pindaan Kepada Akta Kewangan (No. 2) 2023

33. Pindaan seksyen 30

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Seksyen 30 Akta Kewangan (No. 2) 2023 dipinda—

(a)

dalam subseksyen 157(1)—

(i)

dalam takrif “Acceptable Financial Accounting

Standard”, dengan memotong perkataan

“Malaysia,”;

(ii)

dalam takrif “Investment Entity”, dengan menggantikan perenggan (a) dengan perenggan yang berikut:

“(a) an Investment Fund, a Real Estate

Investment Vehicle or an Insurance

Investment Entity;”; dan

(iii)

dengan memasukkan selepas takrif “Main Entity”

takrif yang berikut:

‘ “Marketable Transferable Tax Credit”

means a tax credit, other than a Qualified

Refundable Tax Credit, which can be used to reduce liability for a Covered Tax in the jurisdiction that issues the tax credit and the tax credit is transferable—

(a)

in relation to the originator of a Marketable

Transferable Tax Credit—

(i)

where the originator transfers the tax credit to an unrelated party, the transfer shall take place in the Financial Year in which the originator was eligible for the tax credit or within fifteen months of the end of that Financial Year at a price that equals or exceeds eighty per cent of the net present value of the tax credit; or

Undang-Undang Malaysia 30

(ii)

where the tax credit is not transferred or transferred between related parties, similar tax credit may be traded between unrelated parties within fifteen months of the end of that Financial Year at a price that equals or exceeds eighty per cent of the net present value of the tax credit; and

(b)

in relation to the purchaser of a Marketable

Transferable Tax Credit, the purchaser, who is unrelated to the originator, may transfer the tax credit to another unrelated purchaser under the same or similar conditions as would apply to the originator at a price that equals or exceeds eighty per cent of the net present value of the tax credit in the

Financial Year in which it purchases the tax credit;’;

(b)

dalam seksyen 162, dengan menggantikan subseksyen (2)

dengan subseksyen yang berikut:

“(2)  A Parent Entity’s Inclusion Ratio for a Low-Taxed

Constituent Entity for a Financial Year shall be determined in accordance with the following formula:

A

B

A where

A is the GloBE Income of the Low-Taxed

Constituent Entity for the Financial

Year; and

B is the amount of such income attributable to Ownership Interests held by other owners.”;

(c)

dalam seksyen 164—

(i)

dengan menomborkan semula seksyen sedia ada sebagai subseksyen (1); dan

Kewangan 31

(ii)

dengan memasukkan selepas subseksyen (1) yang dinomborkan semula itu subseksyen yang berikut:

“(2)  For the purposes of the Domestic

Top-up Tax, the Financial Accounting Net

Income or Loss of a Constituent Entity which is a member of a Multinational Enterprise

Group and located in Malaysia but not being a Permanent Establishment of a Main Entity shall be determined based on the financial statement of the Constituent Entity if—

(a)

all of the Constituent Entities of the

Multinational Enterprise Group which are located in Malaysia have the same Financial Year as the Ultimate

Parent Entity of the Multinational

Enterprise Group; and

(b)

each of the Constituent Entities prepares its own financial statements and the financial statements—

(i)

are required to be kept or used under any written law of Malaysia; or

(ii)

are audited by an approved company auditor.

(3)

Where a Constituent Entity located in

Malaysia is a Permanent Establishment of a Main Entity, subsection (2) shall apply to the

Constituent Entity if, in addition to meeting the requirements in paragraphs 2(a) and (b), the Main Entity prepares separate financial statements for the Constituent Entity.

(4)

For the purposes of this section, “approved company auditor” and “financial statement”

have the meanings assigned to them in subsection 2(1) of the Companies Act 2016.”;

Undang-Undang Malaysia 32

(d)

dalam subseksyen 165(10), dengan memasukkan selepas perkataan “Qualified Refundable Tax Credits” perkataan

“and Marketable Transferable Tax Credits”;

(e)

dalam seksyen 169—

(i)

dalam subseksyen (5)—

(A)

dalam perenggan (c), dengan memotong perkataan “and” di hujung perenggan itu;

(B)

dalam perenggan (d), dengan menggantikan noktah di hujung perenggan itu dengan perkataan “; and”; dan

(C)

dengan memasukkan selepas perenggan (d)

perenggan yang berikut:

“(e) any amount of credit of a

Constituent Entity for the Financial

Year in respect of a Marketable

Transferable Tax Credit that is recorded as a reduction to the current tax expense.”; dan

(ii)

dalam subseksyen (6)—

(A)

dalam perenggan (b), dengan menggantikan perkataan “in respect of a Non-Qualified

Refundable Tax Credit” dengan perkataan

“other than a Qualified Refundable Tax

Credit and Marketable Transferable Tax

Credit”; dan

(B)

dengan menggantikan perenggan (c) dengan perenggan yang berikut:

“(c) any amount of credit or refund for Covered Taxes, except for a Qualified Refundable Tax Credit or Marketable Transferable Tax

Credit, to a Constituent Entity that is not treated as an adjustment to current tax expense in the financial accounts;”;

Kewangan 33

(f)

dalam subseksyen 173(6), dengan memasukkan selepas perkataan “adjustment” perkataan “under subsections (1)

to (5)”;

(g)

dengan memotong subseksyen 176(2);

(h)

dalam subseksyen 177(1)—

(i)

dalam formula, dalam huraian C, dengan menggantikan perkataan “subsection 169(3)

or 181(1)” dengan perkataan “subsections 169(3)

and (4) or subsection 181(1)”; dan

(ii)

dalam formula, dalam huraian D, dengan memotong perkataan “the Domestic Top-up Tax, being”;

(i)

dalam subseksyen 180(9), dengan memasukkan selepas perkataan “amortisation,” perkataan “impairment loss”;

(j)

dalam subseksyen 181(3), dengan menggantikan perkataan

“paragraph” dengan perkataan “section”;

(k)

dengan memotong subseksyen 192(12);

(l)

dengan menggantikan seksyen 197 dengan seksyen yang berikut:

“Transitional relief for the Substance-based Income

Report

Read on from s 197