Petroleum (Income Tax) Act 1967 s 8

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s 8 Crude oil sold and exported

Where in the relevant period the relevant chargeable person sells his chargeable petroleum consisting of crude oil, the proceeds of that sale shall be treated as gross income of that chargeable person for that period— (a) if that chargeable person delivers such crude oil in Malaysia and it is not shown to the satisfaction of the Director General that such crude oil is refined in Malaysia; or (b) if that chargeable person exports such crude oil.

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Find Act 543 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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