Malaysian Income Tax Act 1967
Short title and commencement 2.
Malaysian income tax act 1967. Expatriate posts based on the requirements of the ipc rdc. Interpretation part ii imposition and general characteristics of the tax 3. Interpretation part ii imposition and general characteristics of the tax 3. The income tax act 1967 malay.
Income tax act 1967 rules income tax deductions for the employment of disabled persons rules 1982 income tax deductions of premiums for export credit insurance. Non chargeability to tax in respect of offshore business activity 3 c. Laws of malaysia act 53 income tax act 1967 arrangement of sections part i preliminary section 1. Charge of income tax 3 a.
Latest malaysian income tax rules as at 1 september 2015. Act 53 income tax act 1967 malaysia tax free ebook download as pdf file pdf text file txt or read book online for free. Laws of malaysia act 543 petroleum income tax act 1967 an act to impose a tax upon income from the winning of petroleum in malaysia to provide for the assessment and collection thereof and for purposes connected therewith. Short title and commencement 2.
Charge of income tax 3 a. Laws of malaysia act 53 income tax act 1967 arrangement of sections part i preliminary section 1. Akta cukai pendapatan 1967 is a malaysian laws which enacted for the imposition of income tax. However income of a resident company from the business of air sea transport banking or insurance is assessable on a worldwide basis.
Therefore income received from employment exercised in singapore is not liable to tax in malaysia. Non chargeability to tax in respect of offshore business activity 3 c. Under the income tax act 1967 a malaysian tax resident company and a unit trust are not taxed on their foreign sourced income regardless of whether such income is received in malaysia. This is because that income is not derived from the exercising of employment in malaysia.
Tax exemption of statutory income for 10 years under section 127 of the income tax act 1967 act 53 dividends paid from the exempt income will be exempted from tax in the hands of its shareholders ii an approved ipc rdc status company will enjoy the following benefits. 28 september 1967 be it enacted by the seri paduka baginda yang di pertuan. Laws of malaysia reprint published by the commissioner of law revision malaysia under the authority of the revision of laws act 1968 in collaboration with malayan law journal sdn bhd and percetakan nasional malaysia bhd 2006 act 53 income tax act 1967 incorporating all amendments up to 1 january 2006 053e fm page 1 thursday april 6 2006 12.