INCOME TAX (EXEMPTION) (NO. 4) ORDER 2009

INCOME TAX (EXEMPTION) (NO. 4) ORDER 2009

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. 4) Order 2009.

(2) This Order is deemed to have come into operation from 1 January 2009.

Exemption

2. (1) The Minister exempts from tax any gains or profit falling under paragraph 4(f) of the Act received by a non-resident from an offshore company.

(2) For the purposes of this paragraph, “offshore company” has the same meaning assigned to it in the Labuan Offshore Business Activity Tax Act 1990 [Act 445].

Non-application

3. The provisions of section 109F of the Act shall not apply to the income exempted under this Order.

Made 20 October 2009

[Perb.(C)0.217(SJ. 18) Vol. 5(SK. 3); LHDN.01/35/(S)/42/51/231-12;
PN(PU2)80/LVII]

DATO’ SERI HAJI AHMAD HUSNI BIN MOHAMAD HANADZLAH
Second Minister of Finance

[To be laid before the Dewan Rakyat pursuant to subsection 127(4) of the
Income Tax Act 1967]