s 4
the income tax Act 1967, which is referred to as the “principal Act” in this chapter, is amended in section 2— (a) in subsection (1)— (i) by inserting after the definition of “business” the following definition: ‘ “business trust” has the same meaning assigned to it in the capital markets and services Act 2007[Act 671];’; (ii) in the definition of “central Bank”, by substituting for the words “central Bank of malaysia Act 1958 [Act 519]” the words “central Bank of malaysia Act 2009 [Act 701]”; (iii) in the definition of “company”, by inserting after the word “malaysia” the words “and a business trust”; (iv) by inserting after the definition of “lease” the following definition: ‘ “limited liability partnership” means a limited liability partnership registered under the Limited Liability Partnerships Act 2012 [Act 743];’; (v) in the definition of “partnership”, by inserting after the words “a partner in a partnership” the words “, a limited liability partnership”; (vi) in the definition of “person”, by inserting after the words “body of persons” the words “, a limited liability partnership”; and (vii) by inserting after the definition of “total income” the following definition: ‘ “treasury share” means a share of a company that was previously issued but was repurchased, redeemed or otherwise acquired by such company and not cancelled;’; (b) in subsection (9), by inserting after the words “shall exclude” the words “a business trust and”; and (c) by inserting after subsection (10) the following subsection: “(11) in relation to a business trust, any reference in this Act to shares or ordinary share capital, shareholders and dividend shall be read as including a reference to units or derivatives of units, unit holders and distributions, respectively.”. new section 4b