INCOME TAX (DEDUCTION FOR PROMOTION OF EXPORT OF SERVICES)(AMENDMENT) (No. 2) RULES 2005 [P.U. (A) 272]

INCOME TAX (DEDUCTION FOR PROMOTION OF EXPORT OF SERVICES)

(AMENDMENT) (No. 2) RULES 2005 [P.U. (A) 272]

(Gazetted on 28 July, 2005)

 

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 (Deduction for Promotion of Export of Services) (Amendment) (No. 2) Rules 2005.

 

(2) These Rules shall have effect from the year of assessment 2005.

 

Amendment of paragraph 3

 

2. The Income Tax (Deduction for Promotion of Export of Services) Rules 2002 [P.U. (A) 114/2002] are amended—

 

        (a) in subparagraph 3(2)—

 

(i)   in subsubparagraph (b), by inserting after the word “overseas” the words “which is approved by the Malaysia External Trade Development Corporation”; and

 

(ii) in subsubparagraph (c), by inserting after the word “overseas” the words “which is approved by the Malaysia External Trade Development Corporation”; and

 

        (b) by inserting after paragraph 3 the following paragraph:

 

“Non-application

 

4. The deduction under paragraph 3 shall not apply to a company which is eligible to claim a deduction under the Income Tax (Deduction for Promotion of Export of Higher Education) Rules 2001 [P.U. (A) 185/2001].”.

 

Made 5 July 2005

[Perb. 0.3865/73(SJ. 59) (SK. 2); LHDN. 01/35/(S)/42/51/231-17.6; PN(PU²)80/XLIV]

 

                                                                                                         TAN SRI NOR MD BIN YAKCOP

                                                                                                                 Second Minister of Finance

 

[To be laid before the Dewan Rakyat pursuant to subsection 154(2) of the Income Tax Act 1967]