Promotion of Investments Act 1986 s 35

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s 35 Exemption from income tax

(1) Where an abatement is given to a company under sections 32, 33 and 34 for a year of assessment, so much of the adjusted income of the company for the basis period for that year of assessment as is equal to the amount of the abatement (or to the aggregate amount of any such abatements, as the case may be) shall be exempt from tax under the principal Act for that year of assessment. (2) Where any income is exempt from tax by virtue of subsection (1), section 23 shall apply to that income (with any necessary modifications) as it applies to income exempt under section 22. Chapter 4—Abatement of Statutory Income for Exports

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Find Act 327 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

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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