Commencement of amendments to the Petroleum (Income Tax)
(1) Except for sections 26, 29, 30 and 31, this Chapter shall have effect for the year of assessment 1997 and subsequent years of assessment. (2) Sections 26, 29, 30 and 31 shall be deemed to have come into force on 2 August 1996.
Amendment of section 2
The Petroleum (Income Tax) Act 1967, which in this Chapter is referred to as the “principal Act”, is amended in subsection 2(1) by inserting after the definition of “entertainment” the following definition: ‘ “Inland Revenue Board of Malaysia” means the Inland Revenue Board of Malaysia established under the Inland Revenue Board of Malaysia Act 1995 [Act 533];’.
Amendment of section 16
Section 16 of the principal Act is amended by inserting after subsection (7A) the following subsections: “(7B) There shall be deducted from the relevant gross income an amount equal to the amount of expenditure incurred by the relevant chargeable person in the relevant period on the provision of services, public amenities and contributions to a charity or community project pertaining to education, health, housing and infrastructure, approved by the relevant authority: Provided that where a deduction has been made under this paragraph, no further deduction of the same amount shall be allowed under subsection 22(1). (7C) There shall be deducted from the relevant gross income an amount equal to the expenditure incurred not being capital expenditure on land, premises, buildings, structures or works of a permanent nature or on alterations, additions or extensions thereof or in the acquisition of any rights in or over any property, by the relevant chargeable person in the relevant period on the provision and maintenance of a child care centre for the benefit of persons employed by him in his business. (7D) There shall be deducted from the relevant gross income an amount equal to the amount of expenditure incurred by the relevant chargeable person in the relevant period in establishing and managing a musical or cultural group approved by the Minister.”.
Amendment of section 22
Section 22 of the principal Act is amended by inserting after subsection (1) the following subsection: “(1A) The chargeable income of a chargeable person for a year of assessment shall consist of the amount of his assessable income for that year reduced by an amount equal to the value, as determined by the Department of Museums and Antiquities or the National Archives, of any gift of artefact or manuscript made by him in the basis period for that year of assessment to the Government or State Government.”.
Amendment of section 69
Section 69 of the principal Act is amended— (a) in subsection (5) by inserting after the words “public officer” the words “or any employee of the Inland Revenue Board of Malaysia”; (b) in subsection (6) by inserting after the words “public officer” the words “or an employee of the Inland Revenue Board of Malaysia”; and (c) in subsection (8) by inserting after the words “public officer” the words “or an employee of the Inland Revenue Board of Malaysia” and after the words “to that officer” the words “or employee”.
Amendment of section 70
Subsection 70(2) of the principal Act is amended by inserting after the words “public officer” the words “or an employee of the Inland Revenue Board of Malaysia.”.
Amendment of section 71
Subsection 71(5) of the principal Act is amended in the definition of “classified person”— (a) by deleting the word “or” at the end of paragraph (b); (b) by inserting the word “or” at the end of paragraph (c); and (c) by inserting after paragraph (c) the following paragraph: “(d) any employee of the Inland Revenue Board of Malaysia;”.
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).