P.U. (A)In force

Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014

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Enacted: 2014
Sections: 9

Front matterCover and publication detailsOpen

P.U. (A) 304

WARTA KERAJAAN PERSEKUTUAN

FEDERAL GOVERNMENT

GAZETTE

KAEDAH-KAEDAH PETROLEUM (CUKAI PENDAPATAN)

(ELAUN MODAL DIPERCEPAT) (MEDAN MARGINAL

PETRONAS) 2014

PETROLEUM (INCOME TAX) (ACCELERATED CAPITAL

ALLOWANCES) (PETRONAS MARGINAL FIELD) RULES

2014

DISIARKAN OLEH/

JABATAN PEGUAM NEGARA/

ATTORNEY GENERAL’S CHAMBERS

P.U. (A) 304 2

AKTA PETROLEUM (CUKAI PENDAPATAN) 1967

KAEDAH-KAEDAH PETROLEUM (CUKAI PENDAPATAN) (ELAUN MODAL DIPERCEPAT)

(MEDAN MARGINAL PETRONAS) 2014

Opening note

Preamble

PADA menjalankan kuasa yang diberikan oleh perenggan 83(1)(a) Akta Petroleum (Cukai Pendapatan) 1967 [Akta 543], Menteri membuat kaedah-kaedah yang berikut: Nama dan permulaan kuat kuasa

Seksyen 1

(1)

Kaedah-kaedah ini bolehlah dinamakan Kaedah-Kaedah Petroleum

(Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal PETRONAS)

Seksyen 2014

(2)

Kaedah-Kaedah ini disifatkan telah mula berkuat kuasa pada 30 November 2010.

Tafsiran

Seksyen 2

(1)

Dalam Kaedah-Kaedah ini, “medan marginal PETRONAS” ertinya suatu medan sebagaimana yang ditentukan di bawah kaedah 3.

(2)

Bagi maksud Kaedah-Kaedah ini, “PETRONAS” adalah singkatan bagi

Petroliam Nasional Berhad sebagaimana yang disebut dalam subseksyen 3(1)

Akta Kemajuan Petroleum 1974 [Akta 144].

Seksyen 3

Medan marginal PETRONAS

Menteri boleh menentukan suatu medan marginal PETRONAS iaitu suatu medan yang dikendalikan sepenuhnya oleh PETRONAS yang mempunyai rizab minyak mentah yang berpotensi tidak melebihi tiga puluh juta tong tangki stok atau rizab gas asli tidak melebihi lima ratus bilion kaki padu standard.

Seksyen 4

Pemakaian

(1)

Kaedah-Kaedah ini hendaklah terpakai bagi PETRONAS yang dalam tempoh asas bagi suatu tahun taksiran telah melakukan perbelanjaan loji yang layak

P.U. (A) 304 3

di bawah Jadual Kedua kepada Akta semata-mata bagi maksud menjalankan operasi petroleum di dalam suatu medan marginal PETRONAS.

(2)

Perbelanjaan loji yang layak yang disebut dalam subkaedah (1) hendaklah yang telah dilakukan oleh PETRONAS dalam tempoh asas bagi tahun taksiran 2010

dengan mengambil kira perbelanjaan yang dibuat selepas 30 November 2014 hingga tahun taksiran 2024.

Seksyen 5

Elaun permulaan

Elaun permulaan di bawah subperenggan 8(b) Jadual Kedua kepada Akta atas perbelanjaan loji yang layak di bawah Kaedah-Kaedah ini hendaklah bersamaan dengan dua puluh lima peratus.

Seksyen 6

Elaun tahunan

Elaun tahunan di bawah subsubperenggan 12(1)(b) Jadual Kedua kepada Akta atas perbelanjaan loji yang layak di bawah Kaedah-Kaedah ini hendaklah bersamaan dengan lima belas peratus.

Seksyen 7

Pelupusan

(1)

Jika suatu aset yang layak bagi elaun yang disebut dalam kaedah 5 dan 6

dilupuskan dalam tempoh dua tahun dari tarikh pemerolehannya, elaun yang telah dibenarkan kepada PETRONAS di bawah Kaedah-Kaedah ini hendaklah ditarik balik dalam tempoh asas bagi tahun taksiran yang aset itu dilupuskan.

(2)

Bagi maksud subperaturan (1), “dilupuskan” mempunyai erti yang sama yang diberikan kepadanya dalam perenggan 40 Jadual Kedua kepada Akta.

Seksyen 8

Ketidakpakaian

(1)

Kaedah-Kaedah ini tidak terpakai bagi PETRONAS dalam tempoh asas bagi suatu tahun taksiran jika PETRONAS—

(a)

menjalankan operasi petroleum di dalam suatu kawasan di bawah apa-apa perjanjian atau perkiraan yang dibuat oleh Kerajaan

P.U. (A) 304 4

dengan kerajaan mana-mana wilayah di luar Malaysia bagi eksplorasi dan eksploitasi petroleum bersama di dalam kawasan pertindihan; atau

(b)

telah melakukan perbelanjaan loji yang layak atas aset yang telah dirancang untuk digunakan bagi maksud operasi petroleum di dalam kedua-dua medan marginal dan medan bukan marginal.

(2)

Jika dalam tempoh asas bagi suatu tahun taksiran pengeluaran terkumpul petroleum di dalam suatu medan marginal PETRONAS, dari tahun asas pertama petroleum dikeluarkan hingga ke tahun taksiran itu adalah melebihi tiga puluh juta tong tangki stok minyak mentah atau melebihi lima ratus bilion kaki padu standard gas asli,

Kaedah-Kaedah ini tidak terpakai bagi PETRONAS berkenaan dengan pendapatan yang diperoleh dalam tempoh asas bagi tahun taksiran itu dan tahun-tahun taksiran berikutnya.

Dibuat 30 Oktober 2014

[Perb. CR(8.09)681/2-61(Sj.19) Jld. 3(Sk.9); LHDN. 01/35/(S)/42/51 Klt. 17;

PN(PU2)474/III]

DATO’ SERI AHMAD HUSNI BIN MOHAMAD HANADZLAH

Menteri Kewangan Kedua

[Akan dibentangkan di Dewan Rakyat menurut subseksyen 83(2) Akta Petroleum (Cukai

Pendapatan) 1967]

P.U. (A) 304 5

PETROLEUM (INCOME TAX) ACT 1967

PETROLEUM (INCOME TAX) (ACCELERATED CAPITAL ALLOWANCE) (PETRONAS MARGINAL

FIELD) RULES 2014

Opening note

Preamble

IN exercise of the powers conferred by paragraph 83(1)(a) of the Petroleum (Income Tax) Act 1967 [Act 543], the Minister makes the following rules: Citation and commencement 1.

(1)

These rules may be cited as the Petroleum (Income Tax) (Accelerated

Capital Allowances) (PETRONAS Marginal Field) Rules 2014.

(2)

These

Rules are deemed to have come into operation on 30 November 2010.

Interpretation 2.

(1)

In these Rules, "PETRONAS marginal field" means a field as determined under rule 3.

(2)

For the purposes of these Rules, “PETRONAS” is an abbreviation for the

Petroliam Nasional Berhad as referred to in subsection 3(1) of the Petroleum

Development Act 1974 [Act 144].

PETRONAS marginal field 3.

The Minister may determine a PETRONAS marginal field which is a field operated solely by PETRONAS which has potential crude oil reserves not exceeding thirty million stock tank barrels or natural gas reserves not exceeding five hundred billion standard cubic feet.

Application 4.

(1)

These Rules shall apply to PETRONAS who in a basis period for a year of assessment has incurred qualifying plant expenditure under the Second Schedule to the

Act solely for the purpose of carrying out petroleum operations in a PETRONAS marginal field.

P.U. (A) 304 6

(2)

The qualifying plant expenditure referred to in subrule (1) shall have been incurred by PETRONAS in the basis period for the year of assessment 2010 by regard to the expenditure made after 30 November 2014 until the year of assessment 2024.

Initial allowance 5.

The initial allowance under subparagraph 8(b) of the Second Schedule to the Act on qualifying plant expenditure under these Rules shall be equal to twenty five percent.

Annual allowance 6.

The annual allowance under subsubparagraph 12(1)(b) of the Second Schedule to the Act on qualifying plant expenditure under these Rules shall be equal to fifteen percent.

Disposal 7.

(1)

Where an asset which qualifies for the allowances referred to in rules 5

and 6 is disposed of within two years from the date of its acquisition, the allowances which have been allowed to PETRONAS under these Rules shall be withdrawn in the basis period for year of assessment in which the asset is disposed of.

(2)

For the purpose of subrule (1), “disposed of” has the same meaning assigned to it in paragraph 40 of the Second Schedule to the Act.

Non-application 8.

(1)

These Rules shall not apply to PETRONAS in a basis period for a year of assessment where PETRONAS—

(a)

carries on petroleum operations in an area under any agreement or arrangement made by the Government with the government of any territory outside Malaysia for the joint exploration and exploitation of petroleum in overlapping areas; or

P.U. (A) 304 7

(b)

has incurred qualifying plant expenditure on the asset which are planned to be used for the purposes of petroleum operations in both marginal and non-marginal fields.

(2)

Where in the basis period for a year of assessment the accumulated production of petroleum in a PETRONAS marginal field, from the first basis year petroleum is produced to that year of assessment is in excess of thirty million stock tank barrels of crude oil or in excess of five hundred billion standard cubic feet of natural gas, these Rules shall not apply to PETRONAS in respect of the income acquired in that basis period for that year of assessment and subsequent years of assessment.

Made 30 October 2014

[Perb. CR(8.09)681/2-61(Sj.19) Jld. 3(Sk.9); LHDN. 01/35/(S)/42/51 Klt. 17;

PN(PU2)474/III]

DATO’ SERI AHMAD HUSNI BIN MOHAMAD HANADZLAH

Second Minister of Finance

[To be laid before the House of Representatives pursuant to subsection 83(2) of the

Petroleum (Income Tax) Act 1967]

Common questions

What is Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014?: Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014 is Malaysia P.U. (A), cited as P.U. (A) 304 2014, currently marked in force and first recorded in 2014.
Is Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014 still in force?: Yes — Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014 is currently in force.
When did Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014 take effect?: Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014 was first recorded in 2014.
How many sections does Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014 have?: Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014 contains 9 sections.
Where can I read the official version of Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014?: The official text of Kaedah-Kaedah Petroleum (Cukai Pendapatan) (Elaun Modal Dipercepat) (Medan Marginal Petronas) 2014 is published at lom.agc.gov.my.

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