commencement of amendments to the Petroleum (Income tax) act 1967
s 30
(1) Section 31 is deemed to have come into operation on 9 April 2009. (2) Section 32 commences on the coming into operation of this Act. amendment of section 16
Finance Act 2010 Chapter IV — AMENDMENTS TO THE PETROLEUM (INCOME TAX) ACT 1967
s 31
The Petroleum (Income Tax) Act 1967, which is referred to as the “principal Act” in this Chapter, is amended in subsection 16(7e) by substituting for the words “Ministry of Tourism” the words “Ministry of Information, Communication and Culture”. amendment of section 50
s 32
Section 50 of the principal Act is amended by inserting after subsection (3) the following subsections: “(4) Any amount of excess in respect of tax payable for a year of assessment which is to be refunded to a person under subsection (1) may be utilized by the Director General for the payment of any other amount of tax which is due and payable (including any amount of instalments which are due and payable) by that person under this Act, or under the Income Tax Act 1967 or the Real Property Gains Tax Act 1976. (5) Where amount of excess in respect of a person is ascertained in accordance with subsection 111(4a) of the Income Tax Act 1967 or subsection 24(7a) of the Real Property Gains Tax Act 1976 such excess shall be applied for the payment of tax which is due and payable (including any amount of instalments which are due and payable) by that person under this Act.”.
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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).
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