Income Tax Act 1967 Malaysia Schedule 3
The income tax act 1967 in its current form 1 january 2006 consists of 10 parts containing 156 sections and 9 schedules including 77 amendments.
Income tax act 1967 malaysia schedule 3. 1 this act may be cited as the petroleum income tax act 1967. Short title and commencement 2. 3 laws of malaysia act 53 income tax act 1967 arrangement of sections part i preliminary section 1. 3 this act shall have effect for the year of assessment 1968 and subsequent years of assessment.
Short title and commencement 2. However schedule 3 of the income tax act 1967 has laid down several allowable deductions in the form of. Non chargeability to tax in respect of offshore business activity 3 c. Income tax deduction for promotion of malaysia international islamic financial centre rules 2009 income tax deduction for expenditure on issuance of islamic securities rules.
Non chargeability to tax in respect of offshore business activity. An act to amend the income tax act 1967 promotion of investments act 1986 stamp act 1949 real property gains tax act 1976 labuan business activity tax act 1990 service tax act 2018 and sales tax act 2018. Plant was so brought into use in malaysia. Or any income of any person is exempt from tax by or.
3 laws of malaysia act 53 arrangement of sections income tax act 1967 part i preliminary section 1. Charge of income tax 3a deleted 3b. Interpretation part ii imposition and general characteristics of the tax 3. In determining the business adjusted income during the basis period no deductions are allowed for expenditures which are capital in nature or depreciation value for the assets which are used in the production of that business income.
150 tarikh kemaskini. 1 in this act unless the context otherwise requires. 2 this act shall extend throughout malaysia. Schedule 3 paragraph 2c inserted by act 476 of 1992 s18 b.
Any person is exempt from tax by or under this act. By any provision of schedule 3 to the income tax act 1967 that schedule being in these rules referred to as the schedule. Akta cukai pendapatan 1967 is a malaysian laws which enacted for the imposition of income tax. Ibu pejabat lembaga hasil dalam negeri malaysia menara hasil persiaran rimba permai cyber 8 63000 cyberjaya selangor.
Charge of income tax 3 a. The income tax act 1967 malay. Enacted by the parliament of malaysia as follows. Interpretation part ii imposition and general characteristics of the tax 3.