Commencement of amendments to the Petroleum (Income Tax)
s 5
The provisions of this Chapter shall have effect for the year of assessment 1985 and subsequent years of assessment.
Finance Act 1985 Chapter III — Amendments to the petroleum (income tax)
Amendment of section 18
s 6
Subsection 18(1) of the Petroleum (Income Tax) Act 1967 which in this Chapter is referred to as “the principal Act”, is amended— (a) by substituting for the full stop at the end of paragraph (l) the sign and the word “; or”; and (b) by inserting immediately after paragraph (l) the following new paragraph (m): “(m) any sum paid by way of rentals in respect of a motor vehicle (other than a lorry, truck, bus, mini bus, van or station wagon licensed or permitted by the appropriate authority for commercial transportation of goods or passengers) in excess of twenty-five thousand ringgit: Provided that the maximum amount of deduction of rentals in respect of such motor vehicle in the year of assessment and subsequent years of assessment shall not in the aggregate exceed twenty-five thousand ringgit in respect of the said motor vehicle.”.
Amendment of Schedule 2
s 7
Schedule 2 to the principal Act is amended by substituting for the word “fifteen” in subparagraph 2(2) the word “twenty-five”.
Back to Finance Act 1985 — full text
Provisions on this page are reproduced verbatim from official open data. See the attribution line.
Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated. Read the official text ↗
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
What to look at next
Finance Act 1985, full textChapter navigation and full text, so you can read this section in contextMalaysia legislationMalaysia Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearMalaysia: what this database coversWhich datasets are here, which official source they come from, and how current they areMalaysia overview