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253 GAZZETTE NOTIFICATIONS – AMENDMENTS TO INCOME TAX ACT 1967, REAL PROPERTY GAINS TAX ACT 1976, PROMOTION OF INVESTMENTS ACT 1986 AND STAMP ACT 1949

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253

GGAAZZZZEETTTTEE NNOOTTIIFFIICCAATTIIOONNSS ––AAMMEENNDDMMEENNTTSS TTOO

IINNCCOOMMEE TTAAXX AACCTT 11996677,, RREEAALL PPRROOPPEERRTTYY GGAAIINNSS TTAAXX

AACCTT 11997766,, PPRROOMMOOTTIIOONN OOFFIINNVVEESSTTMMEENNTTSS AACCTT 11998866

AANNDD SSTTAAMMPP AACCTT 11994499

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Gazette Notification in 2002 (1 Jan 2002 to 31 Dec 2002)Income Tax Act, 1967

Real Property Gains Tax Act, 1976Promotion Of Investment Act, 1986

Stamp Act, 1949DATE OF

NO TITLE REFER GAZETTE SUBJECT EFFECTIVEP.U.(A) NOTIFI- DATE/PERIOD

CATIONS

1 Income Tax (Return by 2 03.01.2002 Employers Return for year 2001 01.01.2001 Employers) Order 2002 to 31.12.2001

2 Income Tax (Exemption) 3 03.01.2002 Official emoluments received by Order 2002 foreign experts as specified –

in the Schedule of this gazette order solely for the purpose of serving under the Malaysia- European Union Cooperation Project-Development of Mapping andGeographic Information System forEffective Planning, Management,Conservation and SustainableDevelopment of Forest Resources inPeninsular Malaysia are exempt frompayment of income tax.

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3 Income Tax (Exemption) 4 03.01.2002 Appearance fees received by the 18.11.199(No.2) Order 2002 Edward Tiger Woods Corporation to 31.11.1999

for the advertisement and promotion of the World Cup Golf Tournament 1999 at the Mines Resorts of fiscalGolf and Country Club.

4 Income Tax (Exemption) 11 10.01.2002 Income received by non-resident 16.03.2001 (No.3) Order 2002 individuals who were in Malaysia until 19.03 2001

for their performance or work in aconnection with the Deep PurpleConcertat the Kuala LumpurInternational Airport in conjunctionwith the Formula 1 event held, areexempt from the payment of incometax

5 Stamp Duty (Exemption) 12 10.01.2002 All instruments executed pursuant to a 01.04.1999(No.2) Order 2002 scheme of merger of insurance

companies, which is completed on orbetween 1 April 1999 until 31December 2001 and approved by theCentral Bank of Malaysia, are exemptfrom stamp duty.

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6 Income Tax (Exemption) 25 24.01.2002 Income in relation to the sources of YA 2002(No.4) Order 2002 income specified in the Schedule

Kof the Johore State IslamicEconomic Development income tax.Corporation is exempt from paymentof income tax.

7 Promotion of Investment 31 31.01.2002 Amendments to the list of Promoted As set out in(Promoted Activities and Activities and Promoted Products - gazette orderPromoted Products) Promotion of Investment (Promoted (Amendment) Order 2002 Activities and Promoted Products)

Order 1995 [P.U (A) 31/95].

8 Income Tax (Exemption) 41 07.02.2002 Income in the form of benefit-in-kind –(No.5) Order 2002 received by foreign artistes (as set out

Nin the Schedule of the gazetteorder) from the Bolshoi Ballet whowere in Malaysia for theirperformance held from 27 October2000 until 29 October 2000 at theIstana Budaya, Kuala Lumpur, areexempt from payment of income tax.

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9 Income Tax (Exemption) 42 07.02.2002 Income in relation to the sources of YA 2002(No.6) Order 2002 income specified in the Schedule of

Jemaah Pemasaran Lada Hitam is exempt from payment of income tax.

10 Income Tax (Exemption) 55 07.02.2002 Income from member’s subscription YA 2002(No.7) Order 2002 fees of a trade association residentProprietary Rights) in Malaysia, are exempt from the

payment of income tax.

11 Income Tax (Exemption) 56 07.02.2002 (1) Income received by trade (1) YA 1996 (No.8) Order 2002 association established before to YA 2000 Rules 1999 1 January 1996 is exempt (preceding year)

from tax up to an amount equivalent to 50% of the statutory income for each YA.

(2) Income received by a tradeassociation established on orafter 1 January 1996 until 31December 2001 is exemptedfrom tax up to an amountequivalent to 50% of the

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statutory income for a maximumperiod of 5 years of assessment fromthe YA in the basis period in whichthe trade association wasestablished.

12 Income Tax (Exemption) 57 07.02.2002 Income of a resident in Malaysia YA 2002(No.9) Order 2002 in respect of income derived from

the export of qualifying services as specified in the gazette order, areexempt from payment of income tax.Amount of income to be exempt shallbe equal to 50% of the value ofincreased exports.

13 Income Tax (Exemption) 58 07.02.2002 Income derived from domestic tours YA 2002 until YA 2006(No.10) Order 2002 by a Malaysian resident company,

which is licensed, to carry on a tour isexempt from payment of income tax.Total number of local tourists ondomestic tours should be at least1200. Revokes the Income Tax(Exemption)(No.19)Order 2001 [P.U(A) 379/2001].

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14 Income Tax (Exemption) 59 07.02.2002 Income derived from group inclusive YA 2002 until YA 2006(No.11) Order 2002 tours by a company resident in

Malaysia which is licensed to carry ona tour operating business are exemptfrom payment of income tax. Totalnumber of foreign tourists on groupinclusive tours should not be lessthan 500.

15 Income Tax (Exemption) 60 07.02.2002 Income of a Malaysian International YA 2002(No.12) Order 2002 Trading Company from export sales

in the amount equivalent to 10% ofthe value of increased exports, areexempt from payment of income tax.

16 Income Tax (Approved 61 07.02.2002 List of agricultural projects approved As set out inAgricultural Projects) by the Minister. Revokes the Income gazette orderOrder 2002 Tax (Approved Agricultural

Projects)Order 1989 [P.U.(A) 296/89].

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17 Income Tax (Deduction for 62 07.02.2002 A company which satisfies the As set out Advertising Expenditure on condition (as specified in the in gazette orderMalaysian Brand Name gazette order) is entitled a deduction Goods) Rules 2002 of qualifying expenditure (as

specified in the gazette order)incurred by the company in respect ofMalaysian brand name goods.

18 Income Tax (Deduction for 63 07.02.2002 Manufacturing company which has YA 2002Cost of Acquisition incurred cost of acquisition ofof Proprietary Rights) proprietary rights in the basis Rules 2002. period for a YA , is allowed a

deduction of an amount equal to 1/5of the cost of acquisition of theproprietary rights for that YA and foreach of the 4 following YAs. Appliesin respect of the cost of acquisitionof proprietary rights used for thepurposes of the business of amanufacturing company and which atleast 70% of the issued share capitalof the company is Malaysian owned.

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19 Stamp Duty (Exemption) 71 21.02.2002 The instruments (as set out in 01.01.2002(No.7) Order 2002 Schedule of this gazette order) for the

purchase of residential property from adeveloper who is registered with theReal Estate and Housing Developers’Association of Malaysia, SabahHousing Developers’ Association(1992) or Sarawak Housing Developers’Association, sold during the periodbetween 1 January 2002 to 30 June2002 are exempt from stamp duty.

20 Stamp Duty (Exemption) 73 21.02.2002 All instruments executed pursuant –(No.8) Order 2002 to a corporate debt restructuring

scheme completed between 1 January2002 until 30 June 2002 under thesupervision of the Corporate DebtRestructuring Committee, the CentralBank of Malaysia, or under PengurusanDanaharta Nasional Berhad areexempt from stamp duty.

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21 Income Tax (Exemption) 98 14.03.2002 All sources of income except YA 2000 until YA 2004(No.13) Order 2002 dividend income of The Partnership

For Equitable Growth, are exempt frompayment of income tax.

22 Income Tax (Exemption) 109 21.03.2002 All sources of income of Institute YA 1998 until YA 2002(No.14) Order 2002 Kefahaman Islam Malaysia (IKIM) , are

exempt from payment of income tax.

23 Income Tax (Exemption) 113 28.03.2002 Income derived from organizing an YA 2002(No.15) Order 2002 international trade exhibition in

Malaysia by an international tradeexhibition promoter resident inMalaysia, are exempt from payment ofincome tax. Provided the total numberof foreign trade visitors brought in bythe international trade exhibitionpromoter for the international tradeexhibition, as verified by the MalaysiaExternal Trade DevelopmentCorporation (MATRADE), is not lessthan 500 in the basis period for a YA.

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24 Income Tax (Deduction for 114 28.03.2002 A company, which incurred expenses YA 2002Promotion of Export of as listed in the gazette order primarilyServices) Rules 2002 and principally for the purpose of

promoting the export of services, areallowed deductions on thoseoutgoings and expenses.

25 Income Tax (Deduction 115 28.03.2002 A company, which incurred expenses YA 2002for Promotion of Export) in respect of participation in a virtual Rules 2002 trade show, participation in a trade

portal and maintaining warehouseoverseas, primarily and principally forthe purpose of promoting the export,are allowed deductions on thoseoutgoings and expenses.

26 Income Tax (Deduction 116 28.03.2002 A company, which incurred expenses YA 2002for Promotion of Export) in respect of registration of patents, (No.2) Rules 2002 trademarks and product licencing

overseas, primarily and principally forthe purpose of promoting the export,are allowed a deduction on thoseoutgoings and expenses.

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27 Income Tax (Deduction for 117 28.03.2002 A company, which incurred expenses YA 2002Promotion of Export) in respect of hotel accommodation (No.3) Rules 2002 (subject to a maximum of. RM300 per

day) and sustenance (subject to amaximum of RM150 per day) of up to amaximum of three nights, primarilyand principally for the purpose ofpromoting the export, are alloweddeductions on those outgoings andexpenses. Other condition (as statedin the gazette order) applies to qualifyfor this deduction.

28 Income Tax (Exemption) 135 13.04.2002 Royalty received from registered 20.10.2001(No.16) Order 2002 institution in relation to an approved

programme by a non-residentfranchisor, is exempt from payment ofincome tax.

29 Income Tax (Exemption) 136 13.04.2002 A non-resident of Malaysia who YA 2002(No.17) Order 2002 derived income from rental of

International Standard Organisation (ISO) containers by a Malaysianshipping company, is exempt frompayment of income tax.

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30 Stamp Duty (Exemption) 151 18.04.2002 All instruments executed pursuant to 01.04.1999(No.18) Order 2002 a scheme of merger of insurance

companies (completed on or between1 April 1999 until 30 June 2002) andapproved by the Central Bank ofMalaysia, are exempt from stamp duty.

31 Real Property Gains Tax 152 18.04.2002 Chargeable gains of an insurance Y/A 01.04.1999(Exemption) (No.2) company accruing on the disposal ofOrder 2002 any chargeable assets to another

insurance company pursuant to ascheme of merger of insurancecompanies (completed on or between1 April 1999 until 30 June 2002) andapproved by the Central Bank ofMalaysia, are exempt from payment ofreal property gains tax

32 Stamp Duty (Exemption) 157 25.04.2002 The instruments specified in the First 01.01.2002(No.19) Order 2002 Schedule for the purchase of property

from Pengurusan Danaharta NasionalBerhad or its fully-owned subsidiarycompanies as specified in the SecondSchedule,sold during the period

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between 1 January 2002 to 31December 2003 are exempt fromstamp duty.

33 Income Tax (Exemption) 189 09.05.2002 Income (as set out in the Schedule) YA 1999(No.18) Order 2002 from YA 1999 and subsequent YAs

ofSyarikat Prasarana Negara Berhad,are exempt from payment of incometax

34 Income Tax (Exemption) 190 09.05.2002 All income from YA 2002 until YA YA 2002(No.19) Order 2002 2006 of Lembaga Tabung Haji, are

exempt from payment of income tax

35 Income Tax (Exemption) 206 16.05.2002 ncome (as specified in the Schedule) YA 2002(No.20) Order 2002 of Lembaga Air Sibu, are exempt

from payment of income tax.

36 Income Tax (Exemption) 207 16.05.2002 Income (as specified in the Schedule) YA 2002(No.21) Order 2002 of Malaysian Communications and

Multimedia Commission, are exemptfrom payment of income tax.

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37 Income Tax (Exemption) 208 16.05.2002 All income from YA 2001 of a political YA 2001(No.22) Order 2002 association, are exempt from payment

of income tax.

38 Income Tax (Exemption) 209 16.05.2002 Income derived from the provisions 20.10.2001(No.23) Order 2002 of chartering services of a luxury

yacht departing from and ending atany port in Malaysia, approved by theMinister (for a period of 5consecutive YA commencing from theYA in the basis period in which theapproval is in effect), are exemptfrom payment of income tax

39 Income Tax (Exemption) 210 16.05.2002 A non-resident of Malaysia who 20.10.2001(No.24) Order 2002 derived income from rental of

International Standard Organisation(ISO) containers by a Malaysianshipping company, is exempt frompayment of income tax. This exemption order revokes P.U(A)136/2002

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40 Income Tax (Exemption) 216 23.05.2002 All income except dividend income YA 2000(No.25) Order 2002 for YA 2000 of Huaren Education

Foundation, are exempt from paymentof income tax.

41 Stamp Duty (Exemption) 219 23.05.2002 The instruments (as set out in the 28.03.2001(No.22) Order 2002 Schedule) for the purchase of

property where the construction hasbeen fully completed from adeveloper who is registered with theReal Estate and Housing Developers‘Association of Malaysia, SabahHousing Developers ‘Association(1992) or Sarawak HousingDevelopers’ Association, sold duringthe period between 28 March 2001 to31 December 2001, are exempt fromstamp duty.This Exemption order revokes P.U(A)134/2001.

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42 Stamp Duty (Exemption) 220 23.05.2002 The instrument (specified in the 01.01.2002(No.23) Order 2002 Schedule) for the purchase of

residential property from a developerwho is registered with the Real Estateand Housing Developers ‘Associationof Malaysia, Sabah HousingDevelopers ‘Association (1992) orSarawak Housing Developers‘Association, sold during the periodbetween 1 January 2002 to 30 June2002, are exempt from stamp duty.This Exemption order revokes P.U(A)71/2002.

43 Stamp Duty (Exemption) 221 23.05.2002 The instrument (specified in the 01.01.2002(No.24) Order 2002 Schedule) for the purchase of

residential property from a statutorybody or statutory body and thedeveloper, sold during the periodbetween 1 January 2002 to 30 June2002 are exempt from stamp duty.

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44 Income Tax (Exemption) 223 30.05.2002 Income (as set out in the YA 2001 & (No.26) Order 2002 Schedule) of Lembaga Kemajuan subsequent YAs

Wilayah Kedah, are exempt frompayment of tax.

45 Income Tax (Exemption) 224 30.05.2002 Income in relation to allocations YA 2000 (CY)(No.27) Order 2002 given by State Government of Pahang

in the form of grants from YA 2000(basis period ending in year 2000)until YA 2004 of Sistem PendidikanIslam Pahang Sdn Bhd, are exemptfrom payment of income tax.

46 Income Tax (Exemption) 239 06.06.2002 Income derived from workshop and –(No.28) Order 2002 performance organized by Akademi

Seni Kebangsaan from 8 October2001 until 14 October 2001 inMalaysia by artistes from KumpulanSeni Kua Etnika Yogyakarta, areexempt from payment of income tax.

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47 Income Tax (Exemption) 240 06.06.2002 Income received by Mr. Al Jarreau for his –(No.29) Order 2002 performance in a concert organized

by the Malaysia Youth OrchestraFoundation in Kuala Lumpur on 18June 2000, are exempt from paymentof income tax

48 Income Tax (Exemption) 254 20.06.2002 Income in the form of benefit-in-kind –(No.30) Order 2002 received by foreign artistes (as

specified in the Schedule) for theirperformance held at the GrandModesto, Restaurant Patio, KualaLumpur on the 12 September 2001,are exempt from the payment ofincome tax.

49 Stamp Duty (Exemption) 267 01.07.2002 All instruments executed by any person 02.07.2002(No.28) Order 2002 in relation to the Sukuk Issue, which

has been issued by the MalaysiaGlobal Sukuk Inc., are exempt fromstamp duty.

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50 Income Tax (Exemption) 268 01.07.2002 Income derived from Sukuk Issue 02.07.2002(No.31) Order 2002 by any holder of the Sukuk Issue,

issued by the Malaysia Global SukukInc., is exempt from payment ofincome tax.

51 Income Tax (Exemption) 269 01.07.2002 Income derived from Sukuk Issue by 02.07.2002(No.32) Order 2002 Malaysia Global Sukuk Inc, are

exempt from payment of income tax.

52 Real Property Gains Tax 270 01.07.2002 Chargeable gains accruing on disposal 02.07.2002(Exemption) (No.4) Order of any chargeable assets in2002 relation to the Sukuk Issue which

has been issued by the MalaysiaGlobal Sukuk Inc., are exempt formpayment of real property gains tax.

53 Income Tax (Approved 289 11.07.2002 For the purposes of Schedule 4c, YA 2001Food Production Projects) the projects listed in the Schedule of Order 2002 the gazette order are the food

production projects approved by theMinister.This Order revokes P.U (A) 80/2001.

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54 Income Tax (Exemption) 296 18.07.2002 An amount equivalent to 70% of the YA 2000 (CY)(No.33) Order 2002 adjusted income derived from the until YA 2004

carrying on of a business at the KualaLumpur Options and FinancialFutures Exchange for each YA fromthe YA 2000 (for the basis periodending in the year 2000) until the YA2004 by a ‘Local’, are exempt frompayment of income tax.

55 Income Tax (Deduction for 306 01.08.2002 Expenditure incurred by a company in 01.01.2002Corporate Debt respect of a corporate restructuring Restructuring Expenditure) scheme completed betweenRules 2002 1 January 2002 until 30 June 2002

(under the supervision of theCorporate Debt RestructuringScheme Committee of the CentralBank of Malaysia or underPengurusan Danaharta NasionalBerhad.) are allowed a deduction.

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56 Income Tax (Exemption) 307 01.08.2002 Income (as specified in the Schedule) YA 2001 & (No.34) Order 2002 of Multimedia Development subsequent YAs

Corporation Sdn. Bhd. are exemptfrom payment of income tax.

57 Income Tax (Exemption) 308 01.08.2002 Income (as specified in the Schedule) YA 1998 & (No.35) Order 2002 of Malaysian Rubber Board are subsequent YAs

exempt from payment of income tax.

58 Income Tax (Exemption) 309 01.08.2002 Grants given by the Government YA 1998(No.36) Order 2002 to Yayasan M.U.S.T Ehsan

are exempt from payment of incometax.

59 Income Tax (Deduction for 316 08.08.2002 A qualifying company for the purposes YA 2002Implementation of Rosetta of implementation of RosettaNet as Net) Rules 2002 verified by the Small and Medium

Industries Development Corporation(SMIDEC), are allowed deductions onamount equivalent to the cost of theexpenses of the kind specified in theSchedule.

DATE OFNO TITLE REFER GAZETTE SUBJECT EFFECTIVE

P.U.(A) NOTIFI- DATE/PERIODCATIONS

60 Real Property Gains Tax 317 08.08.2002 Chargeable gains by a member 01.01.2001(Exemption) (No.5) Order company accruing on the disposal 2002 of any chargeable assets to another

member company pursuant to anapproved scheme of merger oracquisition resulting in a universalbroker company where instrument ofagreement for merger or acquisitionis executed on or between 1 January2001 until 31 December 2002, areexempt from payment of realproperty gains tax.

61 Stamp Duty (Exemption) 321 08.08.2002 All instruments executed on or after 30.10.1999(No.34) Order 2002 1 January 2001 pursuant to a scheme

of merger or acquisition by membercompany resulting in a universalbroker company are exempt fromstamp duty, provided that the schemehas been approved by SecuritiesCommission and the instrument ofagreement has been executed duringthe period between 1 January 2001until 31 December 2002

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62 Stamp Duty (Exemption) 322 08.08.2002 All instruments executed on or after 30.10.1999(No.35) Order 2002 30 October 1999 pursuant to a scheme

of merger of stockbroking companiesare exempt from stamp duty, providedthat the scheme has been approved bySecurities Commission and theinstrument of agreement has beenexecuted during the period between 30October 1999 until 31 December 2000.

63 Income Tax (Exemption) 332 15.08.2002 All sources of income except dividend YA 1996(No.37) Order 2002 income from YA 1996 until YA 2000

(period ending in year 2000) ofSarawak Badan Amal Tenaga Isteri-Isteri (SABATI) are exempt frompayment of income tax.

64 Income Tax (Exemption) 333 15.08.2002 All sources of income except dividend YA 1999(No.38) Order 2002 income from YA 1999 until YA 2003 of

Yayasan Tekun Nasional (YTN) areexempt from payment of income tax.

65 Income Tax (Exemption) 352 29.08.2002 All sources of income except dividend YA 1983(No.39) Order 2002 income from YA 1983 until YA 2001 of

Majlis Ugama Islam Sabah areexempt from payment of income tax.

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66 Income Tax (Exemption) 353 29.08.2002 All sources of income except dividend YA 2001(No.40) Order 2002 income from YA 2001 until YA 2005

of Yayasan Pembangunan EkonomiIslam Malaysia (YPEIM), are exemptfrom payment of income tax.

67 Income Tax (Exemption) 354 29.08.2002 All sources of income except dividend YA 1997(No.41) Order 2002 income from YA 1997 until YA 2006 of

Dana Latihan Bumiputra (DLB), areexempt from payment of income tax.

68 Stamp Duty (Exemption) 382 12.09.2002 All instruments of the Bai Inah Sale 23.04.2002(No.38) Order 2002 Agreement or the Bai Inah Purchase

Agreement executed between acustomer and a financial institutionmade under the principles of theSyariah law for the purpose of theissuance of credit cards are exemptfrom stamp duty.

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69 Income Tax (Exemption) 414 17.10.2002 Income received by foreign Income YA 1999(No.42) Order 2002 of Malaysian German School

Association in the form of grant givenby the German Government from YA1999 and subsequent YAs, areexempt from payment of income tax.

70 Income Tax (Exemption) 415 17.10.2002 Income received by foreign artistes –(No.43) Order 2002 specified in the Schedule for their

show “Fame The Musical” held inIstana Budaya, Kuala Lumpur from 9May 2002 until 26 May 2002, areexempt from payment of income tax.

71 Income Tax (Exemption) 418 17.10.2002 Any payments made by Aircraft 08.10.2002(No.44) Order 2002 Business Malaysia Sdn. Bhd. under

the Operational UndertakingAgreement dated 1 October 2002signed between Aircraft BusinessMalaysia Sdn. Bhd. and the partiesnamed therein, are exempt frompayment of income tax.

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72 Income Tax (Exemption) 424 24.10.2002 All income of Malaysian Airline System YA 2001(No.45) Order 2002 Berhad derived in the basis period for

the YA 2001 until the YA 2005, areexempt from payment of income tax.

73 Stamp Duty (Exemption) 425 24.10.2002 The instruments set out in the Schedule 01.07.2002(No.39) Order 2002 which are executed in connection

with the purchase of low cost houseare exempt from stamp duty.

74 Stamp Duty (Exemption) 432 28.10.2002 All instruments of the Asset Sale 21.09.2002(No.40) Order 2002 Agreement or the Asset Purchase

Agreement executed between acustomer and a bank made under theprinciples of the Syariah law for thepurpose of renewing any Islamicrevolving financing facility are exemptfrom stamp duty if the instrument forthe existing Islamic revolvingfinancing facility had been dulystamped.

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75 Stamp Duty (Remission) 433 28.10.2002 The stamp duty on any instrument of 21.09.2002(No.6) Order 2002 Asset Sale Agreement executed

between a customer and a financiermade under the principles of theSyariah law for the purpose ofrescheduling or restructuring anyexisting Islamic financing facility isremitted to the extent of the dutythat would be payable on the balanceof the principal amount of theexisting Islamic financing facility.

76 Stamp Duty (Remission) 434 28.10.2002 Fifty per centum (50%) of the stamp 01.01.2003(No.7) Order 2002 duty chargeable on any instrument of

transfer of any immovable propertyoperating as a voluntary dispositioninter vivos from a donor familymember to the recipient familymember (as specified the schedule)is remitted.

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77 Income Tax (Deduction 447 07.11.2002 A business of a person resident in YA 2000for Cost of Developing Malaysia who has incurred the cost of Website) Rules 2002 developing a website which is

electronic commerce enabled for thebasis period for the YA 2002, isallowed a deduction of an amountequal to one-fifth of that cost for thatYA and for the YA of 2003 till 2006.

78 Income Tax (Exemption) 457 21.11.2002 All sources of income derived from YA 2000(No.46) Order 2002 financing of infrastructure projects

approved under Government programfrom the YA 2000 until the YA 2009,are exempt from payment of incometax.

79 Stamp Duty (Exemption) 458 21.11.2002 All instruments of transfer of shares, –(No.41) Order 2002 stock and marketable securities in

companies not listed or removedfrom the list on the Kuala LumpurStock Exchange executed in favour ofthe Malaysian Central Depository

CPA

Tax & Investm

ent Review

2003

282

DATE OFNO TITLE REFER GAZETTE SUBJECT EFFECTIVE

P.U.(A) NOTIFI- DATE/PERIODCATIONS

Sendirian Berhad; or of the beneficialinterest of such shares, stock and marketable securities in companiesnot listed or removed from the list onthe Kuala Lumpur Stock Exchangeheld for the account of the transferorby the Malaysian Central DepositorySendirian Berhad, are exempt fromstamp duty.

80 Income Tax (Exemption) 494 19.12.2002 All sources of income from YA 1999 YA 1999(No.47) Order 2002 until YA 2003 of Pengurusan until YA 2003

Danaharta Nasional Berhad and thewholly-owned subsidiaries ofPengurusan Danaharta NasionalBerhad, are exempt from payment ofincome tax.