Seksyen 42
Jadual 1 kepada Akta ibu dipinda—
(a)
dalam Bahagian 1—
(i)
dengan menggantikan perenggan 1 dengan perenggan yang berikut:
“1. Except where paragraphs 1a, 2, 2a and 3 provide otherwise, income tax shall be charged for a year of assessment upon the chargeable income of every person at the following rates:
Chargeable Income
RM
Rate of Income
Tax
For every ringgit of the first 2,500 0 per cent
For every ringgit of the next 2,500 1 per cent
For every ringgit of the next 15,000 3 per cent
For every ringgit of the next 15,000 7 per cent
For every ringgit of the next 15,000 12 per cent
For every ringgit of the next 20,000 19 per cent
For every ringgit of the next 30,000 24 per cent
For every ringgit exceeding 100,000 27 per cent”;
Undang-Undang Malaysia 30
Akta 693
(ii)
dalam perenggan 1a, dengan menggantikan perkataan “28 per cent” dengan perkataan “27
per cent”;
(iii)
dalam perenggan 2a, dengan menggantikan perkataan “paragraph 3” dengan perkataan
“paragraphs 2b, 2c and 3”; dan
(iv)
dengan memasukkan selepas perenggan 2a perenggan yang berikut:
“2b. The provisions of paragraph 2a shall not apply to a company referred to in that paragraph if more than—
(a)
fifty per cent of the paid up capital in respect of ordinary shares of the company is directly or indirectly owned by a related company;
(b)
fifty per cent of the paid up capital in respect of ordinary shares of the related company is directly or indirectly owned by the first mentioned company; or
(c)
fifty per cent of the paid up capital in respect of ordinary shares of the first mentioned company and the related company is directly or indirectly owned by another company.