Commencement of amendment to the Petroleum (Income Tax)
s 33
Open ↗This Chapter comes into operation on 1 January 2026.
Source
Finance Act 2025 Chapter VI — AMENDMENT TO THE PETROLEUM (INCOME TAX) ACT 1967
Amendment of section 50
s 34
Open ↗The Petroleum (Income Tax) Act 1967 is amended in section 50— (a) by substituting for subsection (4) the following subsection: “(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— (a) any other amount of tax which is due and payable (including any amount of instalments which are due and payable) by the person under this Act, the Income Tax Act 1967, the Real Property Gains Tax Act 1976 [Act 169] or the Labuan Business Activity Tax Act 1990 [Act 445]; or (b) any other amount of duty which is due and payable by the person under the Stamp Act 1949 [Act 378].”; and (b) in subsection (5), by substituting for the words “subsection 111(4 a ) of the Income Tax Act 1967 or subsection 24(7 a ) of the Real Property Gains Tax Act 1976” the words “subsection 80 c (1) of the Stamp Act 1949, subsection 111(4 a ) of the Income Tax Act 1967, subsection 24(7a) of the Real Property Gains Tax Act 1976 or subsection 12(2) of the Labuan Business Activity Tax Act 1990”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Provisions on this page are reproduced verbatim from official open data. See the attribution line.
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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