INCOME TAX (DEDUCTIONS FOR
PAYMENT OF LEGAL AND CONSULTANCY
SERVICES) RULES 2003
[P.U.(A) 9]
(Gazetted on 9 January,
2003)
IN exercise of the powers conferred by paragraph 154(1)(b) of the
Income Tax Act 1967 [Act 53], the Minister makes the following rules:
Citation and commencement
1. (1) These rules may be cited as the Income Tax (Deductions
for Payment of Legal and Consultancy Services) Rules 2003.
(2) These Rules are
deemed to have come into operation on 3 July 2001.
Person eligible for deduction
2. A bumiputera entrepreneur resident in Malaysia for the basis
year for a year of assessment shall be eligible for a deduction under these
Rules for that year of assessment.
Deduction
3. For the purpose of ascertaining the adjusted income of
bumiputera entrepreneur from his business for the basis period for a year of
assessment, there shall be allowed a deduction of any payment incurred in that
basis period in respect of legal and consultancy services provided under the
Tabung Pemulihan dan Pembangunan Usahawan (TPPU) programme managed by ERF Sdn.
Bhd.
Made 4 December 2002
[Perb. CR(8.09)248/40/7-310(53); LHDN. 01/35/(S)/42/51/286-1;
PN(PU2)
80/XXXIV]
On behalf and in the name of the
Minister of Finance
CHAN
KONG CHOY
Deputy
Minister of Finance
[To be laid before the
Dewan Rakyat pursuant to subsection 154(2) of the Income Tax Act 1967]
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