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Finance

LAWS OF MALAYSIA

RepRint

A 531

FInAnce Act 1995

Incorporating all amendments up to 1 January 2006

published by

the CommissioneR of law Revision, malaysia

undeR the authoRity of the Revision of laws aCt 968

in CollaboRation with

peRCetakan nasional malaysia bhd

2006

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FInAnce Act 1995

d R a ... ... ... 7 frr 995

d c Gazette 6 frr 995

Previous rePrint

First Reprint ... ... ... ... ... 2002


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LAWS OF MALAYSIA

A 531

FInAnce Act 1995

aRRanGement of seCtions

Chapter i

pReliminaRy

sc

. sr

. a ac

Chapter ii

amendments to the inCome taX aCt 967

. Cc ic tx ac 967

4. a c

5. a c 6a

6. a c 4b

7. a c 9

8. a c 44

9. a c 460. a c 47

. a c 48

. a c 60

. n c 60ab

4. a c 60e

5. a c 65a

6. a c 08

7. a c 0

8. a c 54


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4 Laws of Malaysia Act 531

9. a sc

0. a sc

. a sc 6

Chapter iii

amendments to the petRoleum (inCome taX)aCt 967

. Cc pr (ic tx) ac967

. a c

4. a c 6

5. a c

Chapter iv

amendment to the stamp aCt 949

6. Cc s ac 949

7. a c 0b

Chapter v

amendments to the pRomotion of investmentsaCt 986

8. Cc pr i ac986

9. a c

0. a c 4b

. n c 6g

. n c 7g

. a c 8

4. n c 9h

5. a c 7

sc


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5Finance

LAWS OF MALAYSIA

A 531

FInAnce Act 1995

a ac ic tx ac 967, pr(ic tx) ac 967, s ac 949 pr i ac 986.

[ ]

Be It enActeD sr p bg yg -pragg c c d ngr d R pr , r , :

Chapter i

pReliminaRy

Shor il

1. t ac c fc ac 995.

Amdms of As

2. t ic tx ac 967 [ Act 53], pr (ic

tx) ac 967 [Act 543], s ac 949 [Act 378] pr i ac 986 [Act 327] r r c Cr ii, iii, iv v rc.

Chapter ii

amendments to the inCome taX aCt 967

commm of amdms o h Iom tax A 1967

3. () exc r c 6, rgr 9(c) (e), Cr c r r 995 qr .


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() sc 6 (xc r rgr 6(a)()) c r r 994 q r .

() srgr 6(a)() c rc r r 99.

(4) prgr 9(c) (e) c rc 8ocr 994.

Amdm of sio 3

4. t ic tx ac 967, c rrr rcac Cr, rg r c b g c:

nohargabiliy o ax i rsp of iom rivd iMalaysia from ousid Malaysia

3c. ng c , x crg r ac c rg r rc m rc m r c (r

c crrg g, rc,g r rr)..

Amdm of sio 6A

5. sc 6a() rc ac

(a) rgr (a) g r r r r ;

(b) rgr (b) g r r r x.

Amdm of sio 34b

6. sc 4b rc ac (a) c ()

() g r r c () r c ();

() g r r rgr(a);


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7Finance

() g r rgr (b) c r r ;r;

() rg r rgr (b) grgr:

(c) r rc rrc cr crc rrc c.;

(b) g r c () c rg rr g r:

pr c rc xr r c r g r c rrc cc g r r c 7d() pr i ac 986 r rcr r rgr 9e()(b) ac .;

(c) g r rgr(4)(b) c rg rr grgr:

(c) crc rrc c, r c rrc c g g r c pr i ac986..

Amdm of sio 39

7. t r rgr 9()(l) rc ac

(a) g r r rgr();

(b) rg r rgr () grgr:

() r r g mcg rc crrg ccr r g ; r.


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Amdm of sio 44

8. sc 44 rc ac

(a) c ()

() g r rgr(b);

() g r rgr (c) grgr:

(c) x, c g r c (6); ;

() rg r rgr (c) grgr:

(d) rr, rc , c g r c (8).;

(b) r c (6) g r r Jr 994 r 0 J 994;

(c) c (7),

() g r r rgr(d);

() rg r r rgr(e);

() rg r rgr (e) grgr:

(f) cc r c rg r;;

(d) rg r c (7) gc:

(8) tr c r c r ggrg c r rgr 4(6)(g) , r r r rc c r r r c () r sc


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9Finance

4, 4a r 4b, q g r r r, r r rr c c r cc

c rc cr crr rr c gr c, xcg rgg..

Amdm of sio 46

9. sc 46 rc ac

(a) g r rgr (c);

(b) g r rgr (d) c;

(c) rg r rgr (d) grgr:

(e) rr rgg r r;

(f) x rgg x r

r cr m rcgz Grr r r cqrg cc,c r r ..

Amdm of sio 47

10. sc 47 rc ac

(a) g r c () gc:

() i c r r r r r r g gr , r ,jc c () (4), r r c

(a) r rgg r ;

(b) rr r rgg r r.;


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(b) c () g r r c() () r rgr ()(a) c().

Amdm of sio 48

11. sc 48 rc ac

(a) rgr ()(a) g r r r cr rr g,;

(b) g c (7).

Amdm of sio 60

12. sc 60 rc ac

(a) g r rgr()(b)() c rg rr grgr:

(c) r rr crr , c r

r rc c r c rr rc .;

(b) g r c () gc:

() t j c r r r r rrr r r r r

cr

(a) g ggrg

() gr c r r r rr ;

() gr rc(r r c r)

c r gr c crgr () cr r rc r


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Finance

cc rz r rgrg r ;

(b) cg r ggrg rrgr (a)() c r r gr rc rc cc r rg, c cqrg rzg r rg.

(a) t j c rr r r r r

rr r r r r r cr

(a) g ggrg

() gr c r r r rr;

() gr rc

(r r c r)c r gr c crgr () cr r rc r cc rz r rgrg r ;

() cr r(jc j

drcr Gr ccrc r ac) r r rg r r rr;

(b) cg r ggrg rrgr (a)() c r r gr rc rc

cc r rg, c cqrg rzg r rg.;


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Laws of Malaysia Act 531

(c) g r c (4) gc:

(4) t j c

rr r r r r r r rr crr m cr

(a) g ggrg

() gr c r r r (m r r) rr m ;

() gr rc (rr c r) c r gr c c rgr() c r r rc r cc rz r rg rg r ;

(b) cg r ggrg rrgr (a)() c r r

gr rc rc cc r rg, c cqrg rzg rrg.

(4a) t j c rr r r r r rr r r r r r , r rr crr m, cr

(a) g ggrg

() gr c r rr rr ;

() gr rc (rr c r) c r gr c c rgr() c r r rc

r cc rz r rg rg r ;


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Finance

() cr r(jc j drcr Gr

ccrc r ac) r r rg r r rr ;

(b) cg r ggrg r rgr(a)() c r r grrc rc cc r rg, c cqrg rzg r rg.

(4b) t j c cr rc (a) (4a) r c r rc.;

(d) c (5)

() rgr (a)() rg r rrcr r r rcr;

() rgr (b) g r rgr () g rgr:

() c crr r cc gr c;;

(e) c (6)

() rgr (a)() rg r rrcr r r rcr;

() rgr (b) g r rgr () g rgr:

() c crr r cc m gr c;;

(f) rg r c (0) gc:

(0a) ng c 4() c 60(0), r r c g r c r r r r q r rc rr.


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(0b) ng rgr 75 sc , r c r c g j

c r r r r q r rc rr.

(0c) ac r sc r c g j c c c c c g jc rr ..

nw sio 60Ab

13. t rc ac rg r c 60aa g c:

chargabl iom of lif fud subj o ax

60Ab. t crg c rc r r c 60() 60(4) jc

x c r pr viii sc ..

Amdm of sio 60e

14. sc 60e rc ac

(a) g c (5);

(b) c (6) g r r c xr c (5);

(c) c (7)

() g r rr qrr c g:

r r qrr c c

(a) c crr m rg qg rc c m r r c m;


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5Finance

(b) c r mr r r c;;

() g rg c;

() rgr (a)() qgrc g r r c r , c rc.

Amdm of sio 65A

15. prgr 65a(b) rc ac g r r x r g.

Amdm of sio 108

16. sc 08 rc ac

(a) rg r c (C) g

c:

(d) ng r r ac, r , cr r r r c x rg r r r 995, rc rr c gr r c x r r r c

q

(a) c r cr; r

(b) r c rr r , r rr r,

q rc gr

rgr (a)r (b), c , c r x.;


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(b) rg r c (4C) gc:

(4d) i c r x c r

c r r-r c , cr r rrg r r r 995 c c (d) , cr r r r r c.;

(c) c ()

() g r

rgr (b)() c r r ; r;

() rg r rgr (b)() grgr:

(c) rr rc crgc c jc x r prviii sc ..

Amdm of sio 110

17. sc 0 rc ac rgr c (C) g c:

(d) ng c (), r x , cr r r rg rr r 995 c r r- r c, x r c() x c r c

r c 08(d)..

Amdm of sio 154

18. sc 54() rc ac rgr rgr (e) g rgr:

(ea) rcrg r cr r r c r r r c:

pr c xc rcr r c 0;.


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7Finance

Amdm of Shdul 1

19. sc rc ac

(a) rgr pr i g r r g r:

Chargeable Income RM Rate of Income Tax

fr r rgg r ,500 0 r c

fr r rgg x ,500 r c

fr r rgg x 5,000 6 r c


fr r rgg x 5,000 r cfr r rgg x 5,000 8 r c

fr r rgg x 0,000 r c



fr r rgg xcg 50,000 r c;

(b) rgr pr i g r r r c r 0 r c;

(c) rgr pr ii g r r 0% gr 5% gr rgr c R c x r 5% gr 0% gr rc;

(d) pr iv g r r gr:

Chargeable Income RM Rate ofIncome Tax

fr r rgg r 0,000 r c







fr r rgg x 50,000 4 r c

fr r rgg x 00,000 7 r c

fr r rgg x 50,000 0 r c

fr r rgg xcg 500,000 r c;


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(e) pr v g r r 5% gr r 0% gr;

(f) rg r pr vii g pr:

part viii

ng pr i pr ii, c x crg crg c r r -r rr r 8 r c..

Amdm of Shdul 3

20. sc rc ac

(a) rgr 7b

() g r rgr (c) grgr:

(c) r, cc r c rgr mr;;

() g r c

rgr (d) c r r; r;

() rg r rgr (d) grgr:

(e) rrc r rrc c r crc rrc c c pr i

ac 986,;

(b) rgr 6 rg r rgr () g rgr:

(4) ng rgr 6() r r c r crr qg xr r r g, zr g

(a) cc r c rg grr r ;


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9Finance

(b) cc r c rg r mr; r

(c) r rrc

c 4b..

Amdm of Shdul 6

21. sc 6 rc ac rgr rgr 5 g rgr:

6. s rc gr r

crc m rr..

Chapter iii

amendments to the petRoleum (inCome taX)

aCt 967

commm of amdms o h Prolum (Iomtax) A 1967

22. () exc r c , Cr c r r 994 q r .

() sc c rc J 99.

Amdm of sio 2

23. t pr (ic tx) ac 967, c rrr rc ac Cr, c r c rg r r r e pr f r.

Amdm of sio 16

24. prgr 6()(a) rc ac g r r r c r xr c.


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Amdm of sio 22

25. sc rc ac

(a) g r c () c;

(b) rg r c () g r:

pr rc g crg r rg r r nr 99 0 J 994 Gr-c g g Cr b m, r g rr c q g ..

Chapter iv

amendment to the stamp aCt 949

commm of amdm o h Samp A 1949

26. t Cr c rc Jr 995.

Amdm of sio 20b

27. t s ac 949 g r c0b g c:

0b. () er cc r r gr c r r rr r r rr, c rrcrg rc c r r r rgr rc r r rcc r c r r r r c cc rr.

() wr rc c r r r rgr rc r r rc, ad valorem r r r r g cc ggrg cr r

r r r r rc g c,cr gr, r c r (a) fr sc..


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Finance

Chapter v

amendments to the pRomotion of investmentsaCt 986

commm of amdms o h Promoio of IvsmsA 1986

28. t Cr c rc 8 ocr 994 c r r 995 qr .

Amdm of sio 2

29. t pr i ac 986, c rrr rc ac Cr, c()

(a) g r r tr dCrr m rg r rjc r mr Cr, ar tr;

(b) rg r x r r g :

cc r c rg c c c r cc r crg m;.

Amdm of sio 4b

30. sc 4b rc ac gr r 6e r , 6e 6g.

nw sio 26g

31. t rc ac rg r c6f g c:

Appliaio for approval for ivsm ax allowao a hial or voaioal raiig ompay

26g. () a cc r c rg crcg r g rc m c rg mr r rr r x c.


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Laws of Malaysia Act 531

() a c r c () ccrc c rg r ac..

nw sio 27g

32. t rc ac rg r c 7f g c:

Gra of approval of appliaio for ivsm axallowa mad udr subsio 26g(1)

27g. () t mr gr r rc c r x c rc 6g() jc c r c :

pr r mr c gg c r rcrr c xr r r, r rr r c c

r c r c 4b, r gr rrc r rr 8ocr 994.

() t mr r r c r c ().

() i xrcg r r c () (), mr c ccrrc rg

mr fc..

Amdm of sio 28

33. sc 8 rc ac

(a) c ()

() g r r r 7f r, 7f r 7g;

() rg r r 7f() r ,7g(), 7g();


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Finance

(b) c ()

() g r r r 7f() r

, 7f() r 7g();

() rgr (b) rg r r

7f() r , 7g(), 7g().

nw sio 29h

34. t rc ac rg r c9g g c:

Ivsm ax allowa for appliaio udr sio 26g

whih has b approvd udr sio 27g

29h. () wr cc r c rg cc gr r r c 7g

crr r r r rc

c rg cc r c rg

c xr r r c, r

g c r r x c r r c

xr.

() a c r xr g r c

()

(a) jc c (4), g r

r r r c

xr crr;

(b) g rc xr crr

r r r c

r c:

pr r c cr c xr

r r c r c

rrr rgr ()(b) r

c crr rc c rg

cc r c rg, xr crr r c

cc crr .


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() wr c g c r

c () r r , c

r c c rc

c rg cc r c rgr r q

c (r ggrg c

c, c ) x r x

r rc ac:

pr x xc

r c r c

c r r .

(4) wr, r cc r c

r c c rc

c rg cc r c rg

r r , c c g r c

g c r c c

c r c r r

r rc cg , ,

g c (), () (), c

c r c q c g r

r c g

c r c r r q

r r c r r c r

, r q r

c rc c

r c c .

(5) wr c x r x r c (), c c (

cr c) c x

r c .

(6) fr r c jc

c (7), c xr, r cc

r c rg, c xr crr

g r cr m

cc r r crg rg.


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5Finance

(7) ng c (6), c xr c c xr crr g(c r g cc r r),

cr r c g, r crr r r r r rcrr r g,r r crc ..

Amdm of sio 37

35. sc 7() rc ac g r r j r r.


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LAWS OF MALAYSIA

A 531

FInAnce Act 1995

list of amendments

ag sr i rc r

nil


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act 531 finance act 1995

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