P.U. (A)In force
Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014
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- Enacted
- 2014
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Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 is Malaysia P.U. (A), cited as P.U. (A) 167 2014, currently marked in force and first recorded in 2014.
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P.U. (A) 167
WARTA KERAJAAN PERSEKUTUAN
FEDERAL GOVERNMENT
GAZETTE
PERINTAH CUKAI PENDAPATAN (PENGECUALIAN)
(NO. 3) 2014
INCOME TAX (EXEMPTION) (NO. 3) ORDER 2014
DISIARKAN OLEH/
JABATAN PEGUAM NEGARA/
ATTORNEY GENERAL’S CHAMBERS
P.U. (A) 167 2
AKTA CUKAI PENDAPATAN 1967
PERINTAH CUKAI PENDAPATAN (PENGECUALIAN) (NO. 3) 2014
Opening note
Preamble
- PADA menjalankan kuasa yang diberikan oleh perenggan 127(3)(b) Akta Cukai Pendapatan 1967 [Akta 53], Menteri membuat perintah yang berikut: Nama dan permulaan kuat kuasa
Seksyen 2
Dalam Perintah ini—
“pelaburan” ertinya pemegangan saham, yang dibayar dengan tunai, berkenaan dengan saham biasa dalam suatu syarikat penerima pelaburan;
“pelabur mangkin” ertinya individu yang disebut dalam subsubperenggan 5(a);
“syarikat penerima pelaburan”
ertinya syarikat yang disebut dalam subsubperenggan 5(b).
Seksyen 3
Pengecualian
(1)
Tertakluk kepada subperenggan (2), (3) dan (4), Menteri mengecualikan seseorang pelabur mangkin, berkenaan dengan pendapatan agregatnya bagi tempoh asas bagi suatu tahun taksiran, daripada pembayaran cukai pendapatan dalam tahun taksiran kedua selepas tahun taksiran yang suatu pelaburan dibuat oleh pelabur mangkin itu dalam suatu syarikat penerima pelaburan.
(2)
Amaun cukai pendapatan yang dikecualikan di bawah subperenggan (1)
hendaklah suatu amaun yang sama dengan amaun pelaburan yang dibuat oleh pelabur mangkin itu dalam syarikat penerima pelaburan itu.
P.U. (A) 167 3
(3)
Jika amaun pelaburan yang disebut dalam subperenggan (2) melebihi pendapatan agregat pelabur mangkin itu bagi tempoh asas bagi tahun taksiran yang disebut dalam subperenggan itu, lebihan amaun itu tidak boleh dibayar balik kepada pelabur mangkin itu atau digunakan sebagai kredit untuk tolakan liabiliti cukainya bagi tahun taksiran itu atau mana-mana tahun taksiran yang berikutnya.
(4)
Pengecualian di bawah perenggan ini adalah tertakluk kepada—
(a)
pelaburan itu tidak dilupuskan, sama ada sepenuhnya atau sebahagiannya, dalam masa dua tahun dari tarikh pelaburan itu dibuat; dan
(b)
syarat yang dinyatakan oleh Menteri dalam surat kelulusan bagi pelaburan itu telah dipatuhi.
(5)
Tiada apa-apa dalam subperenggan (1) boleh melepaskan atau disifatkan telah melepaskan seseorang pelabur mangkin daripada mematuhi apa-apa kehendak bagi mengemukakan apa-apa penyata atau penyata akaun atau memberikan apa-apa maklumat lain di bawah peruntukan Akta.
Seksyen 4
Penarikan balik pengecualian cukai
Menteri boleh menarik balik pengecualian cukai yang diberikan di bawah perenggan 3 jika pelabur mangkin itu gagal untuk mematuhi syarat yang dinyatakan oleh Menteri dalam surat kelulusan bagi pelaburan itu.
Pemakaian
Seksyen 5
Perintah ini terpakai bagi—
(i)
yang bermastautin di Malaysia dan punca pendapatannya tidak diperoleh daripada perniagaan semata-mata;
P.U. (A) 167 4
(ii)
yang telah membuat permohonan kepada Menteri pada atau selepas 1 Januari 2013 tetapi tidak lewat dari 31 Disember 2017 untuk membuat pelaburan dalam syarikat penerima pelaburan;
(iii)
yang tidak mempunyai ibu atau bapa, termasuklah ibu atau bapa mertua, anak, termasuklah anak tiri atau anak angkat mengikut mana-mana undang-undang, abang, kakak atau adik, atau datuk, nenek atau cucu, atau suami atau isteri, yang membuat apa-apa pelaburan dalam syarikat penerima pelaburan itu;
(iv)
yang pelaburannya adalah semata-mata bagi maksud pembiayaan aktiviti syarikat penerima pelaburan itu sebagaimana yang diluluskan oleh Menteri; dan
(v)
yang pelaburannya itu tidak melebihi tiga puluh peratus daripada jumlah modal saham berbayar syarikat penerima pelaburan itu; dan
(i)
yang diperbadankan di bawah Akta Syarikat 1965
[Akta 125] dan bermastautin di Malaysia;
(ii)
yang sekurang-kurangnya lima puluh satu peratus modal saham biasanya yang diterbitkan dimiliki secara langsung oleh pemegang saham (selain pelabur mangkin) yang merupakan warganegara; dan
Seksyen 6
Ketidakpakaian
Perintah ini tidak terpakai bagi pelabur mangkin yang telah membuat tuntutan bagi potongan di bawah Kaedah-Kaedah Cukai Pendapatan (Potongan bagi Pelaburan dalam Suatu Syarikat Teroka) 2005 [P.U. (A) 76/2005].
Dibuat 4 Jun 2014
[Perb.CR(8.09)294/6/4-9(SJ.10)(2013);LHDN.01/35/(S)/42/51/231-17.14;
PN(PU2)80/LXXIV]
DATO’ SERI AHMAD HUSNI BIN MOHAMAD HANADZLAH
Menteri Kewangan Kedua
[Akan dibentangkan di Dewan Rakyat menurut subseksyen 127(4) Akta Cukai
Pendapatan 1967]
P.U. (A) 167 6
INCOME TAX ACT 1967
INCOME TAX (EXEMPTION) (NO. 3) ORDER 2014
Opening note
Preamble
- IN exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], the Minister makes the following order: Citation and commencement 1.
(2)
This Order is deemed to have come into operation on 1 January 2013.
Interpretation 2.
In this Order—
“investment” means a holding of shares, which is paid in cash, in respect of ordinary shares in an investee company;
“angel investor” means an individual referred to in subsubparagraph 5(a);
“investee company” means a company referred to in subsubparagraph 5(b).
Exemption 3.
(1)
Subject to subparagraphs (2), (3) and (4), the Minister exempts an angel investor, in respect of his aggregate income for the basis period for a year of assessment, from the payment of income tax in the second year of assessment following the year of assessment in which an investment is made by the angel investor in an investee company.
(2)
The amount of income tax exempted under subparagraph (1) shall be an amount equal to the amount of investment made by the angel investor in that investee company.
P.U. (A) 167 7
(3)
Where the amount of investment referred to in subparagraph (2) exceeds the aggregate income of the angel investor for the basis period for the year of assessment referred to in that subparagraph, the excess amount shall not be refunded to that angel investor or be available as a credit to set off his tax liability for that year of assessment or any subsequent years of assessment.
(4)
The exemption under this paragraph is subject to—
(a)
the investment is not disposed of, either in full or in part, within two years from the date the investment is made; and
(b)
the conditions specified by the Minister in the approval letter for the investment have been complied with.
(5)
Nothing in subparagraph (1) shall absolve or be deemed to have absolved an angel investor from complying with any requirement to submit any return or statement of accounts or to furnish any other information under the provisions of the
Act.
Withdrawal of tax exemption 4.
The Minister may withdraw the tax exemption given under paragraph 3 if the angel investor fails to comply with the conditions specified by the Minister in the approval letter for the investment.
Application 5.
This Order applies to—
(i)
who is a resident in Malaysia and whose sources of income is not derived solely from business;
P.U. (A) 167 8
(ii)
who has made an application to the Minister on or after 1 January 2013 but not later than 31 December 2017 to make an investment in an investee company;
(iii)
who does not have a parent, including a parent in law, a child, including a step child, or child adopted in accordance with any law, a brother or sister, or a grandparent or grandchild, or a spouse, who makes any investment in the investee company;
(iv)
whose investment is for the sole purpose of financing the activities of the investee company as approved by the
Minister; and
(v)
whose investment shall not be more than thirty per cent of the total paid-up share capital of the investee company; and
(i)
incorporated under the Companies Act 1965 [Act 125] and a resident in Malaysia;
(ii)
which at least fifty one per cent of its issued ordinary share capital is directly owned by a shareholder (other than an angel investor) who is a citizen; and
(iii)
which carries on activities as approved by the Minister.
Non-application 6.
This Order shall not apply to an angel investor who has made a claim for a deduction under the Income Tax (Deduction for Investment In a Venture Company)
Rules 2005 [P.U. (A) 76/2005].
P.U. (A) 167 9
Made 4 June 2014
[Perb.CR(8.09)294/6/4-9(SJ.10)(2013);LHDN.01/35/(S)/42/51/231-17.14;
PN(PU2)80/LXXIV]
DATO’ SERI AHMAD HUSNI BIN MOHAMAD HANADZLAH
Second Minister of Finance
[To be laid before the Dewan Rakyat pursuant to subsection 127(4) of the Income Tax
Act 1967]
Common questions
- What is Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014?
- Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 is Malaysia P.U. (A), cited as P.U. (A) 167 2014, currently marked in force and first recorded in 2014.
- Is Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 still in force?
- Yes — Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 is currently in force.
- When did Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 take effect?
- Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 was first recorded in 2014.
- How many sections does Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 have?
- Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 contains 6 sections.
- Where can I read the official version of Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014?
- The official text of Perintah Cukai Pendapatan (Pengecualian) (No. 3) 2014 is published at lom.agc.gov.my.
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