act 531 finance act 1995
TRANSCRIPT
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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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6 Laws of Malaysia Act 531
() 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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8 Laws of Malaysia Act 531
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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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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0 Laws of Malaysia Act 531
(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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4 Laws of Malaysia Act 531
(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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6 Laws of Malaysia Act 531
(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 0,000 7 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 x 0,000 8 r c
fr r rgg x 50,000 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 0,000 r c
fr r rgg x 0,000 6 r c
fr r rgg x 0,000 9 r c
fr r rgg x 0,000 r c
fr r rgg x 5,000 6 r c
fr r rgg x 5,000 0 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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8 Laws of Malaysia Act 531
(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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0 Laws of Malaysia Act 531
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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4 Laws of Malaysia Act 531
() 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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6 Laws of Malaysia Act 531
LAWS OF MALAYSIA
A 531
FInAnce Act 1995
list of amendments
ag sr i rc r
nil
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