INCOME TAX (EXEMPTION) (NO. 5) ORDER 2001

INCOME TAX (EXEMPTION) (NO. 5) ORDER 2001

 

P.U. (A) 220

 

 

IN exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], the Minister makes the following order:

 

Citation and commencement

 

1. (1) This order may be cited as the Income Tax (Exemption) (No. 5) Order 2001.

 

   (2) This Order shall be deemed to have effect from the year of assessment 1999 and subsequent years of assessment.

 

Exemption

 

2. (1) The Minister exempts all persons from the payment of income tax in respect of interest received in respect of bonds and securities issued by Pengurusan Danaharta Nasional Berhad within and outside Malaysia from the year of assessment 1999 and subsequent years of assessment.

 

(2) Sections 109 and 109C of the Act shall not apply to income exempted under this Order.

 

Made 10 July 2001.

[Perb. (8.20) 116/1-138(Sj.18) (SK.1)(30); LHDN. 01/35/(S)/42/51/231-3;

PN(PU 2 )80/XXX]

 

                                    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 127(4) of the Income Tax Act 1967]