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 Investment in an Approved Forest Plantation Project) Rules 2009.
(2) These Rules are deemed to have come into operation on 21 May 2003 and shall have effect subject to its application as prescribed in rule 3.
Interpretation
2. In these Rules—
“investment” means investment in the form of cash or paid-up capital in respect of ordinary shares in a related company;
“forest plantation project” means the project referred to in rule 3;
“related company” means a company—
(a) incorporated under the Companies Act 1965 [Act 125] and is resident in Malaysia;
(b) which expended the investment in undertaking a forest plantation project; and
(c) exempted under the Income Tax (Exemption) (No. 11) Order 2009;
“qualifying company” means a company incorporated under the Companies Act 1965 and resident in Malaysia which directly owns—
(a) prior to 11 September 2004, one hundred per cent of the paid-up capital in respect of ordinary shares of the related company; or
(b) on or after 11 September 2004, at least seventy percent of the paidup capital in respect of ordinary shares of the related company.
Application
3. (1) Subject to subrule (2), these Rules shall apply to the first forest plantation project undertaken by a related company for the species as specified in the Schedule.
(2) The application to undertake the forest plantation project referred to in subrule (1) shall be made to the Minister through the Minister charged with the responsibility for that project on or after 21 May 2003 but not later than 31 December 2011.
Deduction
4. (1) In ascertaining the adjusted income of a qualifying company from its business in the basis period for a year of assessment, there shall be allowed a deduction of an amount equivalent to the value of investment in a forest plantation project on the date the investment is made in the related company.
(2) The investment referred to in subrule (1)—
(a) shall be made for a period and up to the amount, as approved by the Minister, through the Minister charged with the responsibility for the forest plantation project;
(b) shall be for the sole purpose of financing a forest plantation project;
and
(c) shall not be disposed of within five years from the date of the last investment if such investment is in a form of paid-up capital in respect of ordinary shares.
(3) The investment made by the qualifying company prior to the commencement of a forest plantation project shall be deemed to have been incurred on the date the forest plantation project commences.
(4) Subject to subrules (5) and (6), where a qualifying company which has made an investment in the form of paid-up capital in respect of ordinary shares and claimed a deduction in respect of that investment under subrule (1), receives any consideration for the disposal of such shares, the value of consideration so received by that qualifying company shall be added in ascertaining his adjusted income for the year of assessment in the basis period in which that consideration was received.
(5) The value of the consideration referred to in subrule (4) shall not exceed the total deduction allowed in relation to that investment.
(6) Subrule (4) shall not apply where the disposal of the shares referred to in subrule (4) takes place after five years from the date of the last investment of paid-up capital in respect of ordinary shares is made in the related company.
Cessation of deduction
5. Where an investment is made by a qualifying company for the sole purpose of financing a forest plantation project is deducted under these Rules, the deduction shall cease to apply to the qualifying company in the basis period for a year of assessment upon which the related company has its first statutory income.
SCHEDULE
Item Specie Local Name
1. Acacia mangium, Acacia auriculiformis, Acacia Acacia
hybrids
2. Agathis borneensis Damar minyak (Peninsular)/ Bindang (Sarawak)/ Mengilan (Sabah)
3. Alstonia angustifolia, Alstonia angustiloba, Alstonia Pulai (Peninsular)/Pelai (Sarawak)
macrophylla, Alstonia pneumatophora, Alstonia
scholaris, Alstonia spatulata
4. Anisoptera costata, Anisoptera curtisii, Anisoptera Mersawa/Pengiran (Sabah)
grossivenia, Anisoptera laevis, Anisoptera marginata,
Anisoptera megistocarpa, Anisoptera scaphula
5. Araucaria cunninghamii Hoop pine
Araucarai hunstenii Klinki pine
6. Artocarpus altilis, Artocarpus elasticus, Artocarpus Cempedak/Terap
lowii, Artocarpus odoratissima, Artocarpus
scortechinii, Artocarpus tamaran, Artocarpus
teysmannii
7. Azadirachta excelsa Sentang (Peninsular)/Ranggu (Sabah, Sarawak)
8. Bischofi a javanica Javan cedar/Jitang/Tuai
9. Calamus manan Rotan manau
Calamus caesius Rotan sega
10. Calophyllum bifl orum, Calophyllum calaba, Bintangor
Calophyllum canum, Calophyllum coriaceum,
Calophyllum depressinervosum, Calophyllum
ferrugineum, Calophyllum inophyllum, Calophyllum
macrocarpum, Calophyllum pulcherrimum,
Calophyllum sclerophyllum, Calophyllum
symingtonianum, Calophyllum tetrapterum,
Calophyllum teysmannii, Calophyllum wallichianum
11. Campnosperma auriculatum, Campnosperma Terentang
coriaceum, Campnosperma squamatum
12. Cananga odorata Kenanga
13. Canarium apertum, Canarium littorale, Canarium Kedondong (Peninsular)/ Seladah (Sarawak)
pseudosumatranum
14. Casuarina cunninghamiana, Casuarina equisetifolia, Rhu/Jemara/Chemara
Casuarina glauca, Casuarina junghuhniana
15. Ceiba pentandra, Bombax ceiba, Bombax valetonii Kapok (Sabah)/Kekabu
16. Chukrasia tabularis Surian batu
17. Cinnamomum altissimum, Cinnamomum iners, Pokok Teja/Medang teja/ Medang
Cinnamomum sintoc, Cinnamomum javanicum,
Cinnamomum porrectum, Cinnamomum scortechinii
18. Coelostegia borneensis, Coelostegia griffi thii Punggai (Peninsular)/Durian hantu (Sarawak)
19. Cratoxylum arborescens, Cratoxylum glaucum Geronggang
20. Dacrydium beccarii, Dacrydium comosum, Dacrydium Sempilor/Ekor (Peninsular)
elatum, Dacrydium gibbsiae
21. Dactylocladus stenostachys Jongkong
22. Dillenia borneensis, Dillenia excelsa, Dillenia Simpoh (Peninsular)/Buan (Sarawak)
grandifolia, Dillenia pulchella, Dillenia reticulata
23. Dipterocarpus acutangulus, Dipterocarpus Keruing
applanatus, Dipterocarpus elongates, Dipterocarpus
baudii, Dipterocarpus caudiferus, Dipterocarpus
chartaceus, Dipterocarpus concavus, Dipterocarpus
cornutus, Dipterocarpus confertus, Dipterocarpus
conformis, Dipterocarpus costatus, Dipterocarpus
costulatus, Dipterocarpus crinitus, Dipterocarpus
dyeri, Dipterocarpus elongatus, Dipterocarpus
eurynchus, Dipterocarpus fagineus, Dipterocarpus
geniculatus, Dipterocarpus gracilis, Dipterocarpus
grandifl orus, Dipterocarpus hasseltii, Dipterocarpus
humeratus, Dipterocarpus kerrii, Dipterocarpus
kunstleri, Dipterocarpus lamellatus, Dipterocarpus
lowii, Dipterocarpus obtusifolius, Dipterocarpus
oblongifolius, Dipterocarpus ochraceus, Dipterocarpus
pachyphyllus, Dipterocarpus palembanicus,
Dipterocarpus pseudofagineus, Dipterocarpus
rigidus, Dipterocarpus rotundifolius, Dipterocarpus
sarawakensis, Dipterocarpus semivestitus,
Dipterocarpus sublamellatus, Dipterocarpus stellatus,
Dipterocarpus validus, Dipterocarpus verrucosus
24. Dryobalanops aromatica, Dryobalanops beccarii, Kapur
Dryobalanops fusca, Dryobalanops keithii,
Dryobalanops lanceolata, Dryobalanops oblongifolia,
Dryobalanops rappa
25. Duabanga moluccana, Duabanga grandiflora Magasawih/Sawih (Sarawak) Magas (Sabah)/Berembang bukit (Peninsular)/Tagahas (Sabah)
26. Durio carinatus, Durio grandifl orus, Durio graveolens, Durian
Durio lowianus, Durio malaccensis, Durio oxleyanus,
Durio singaporensis, Durio wyatt-smithii, Durio
zibethinus
27. Dyera costulata, Dyera polyphylla Jelutong
28. Endospermum diadenum, Sesenduk (Peninsular)/ Senduk-senduk mata/ Marapangi (Sabah)/Terbulan (Sarawak)
Endospermum peltatum
29. Eucalyptus deglupta, Eucalyptus grandis, Eucalyptus Eucalyptus
camadulensis, Eucalyptus pellita, Eucalyptus
tereticornis, Eucalyptus hybrids
30. Eusideroxylon zwageri Belian
31. Fagraea crenulata Malabera/ Malabira (Sabah)
32. Gigantochloa levis Buluh beting/Buluh poring
Gigantochloa ligulata Buluh tumpat
Bambusa blumeana Buluh duri
Dendrocalamus asper Buluh betong
33. Gmelina arborea Yemane
34. Gonystylus affi nis, Gonystylus bancanus, Gonystylus Ramin
brunnescens, Gonystylus confuses, Gonystylus
maingayi
35. Hevea brasiliensis Rubber/Getah (Timber-Latex Clones)
36. Heritiera albifl ora, Heritiera aurea, Heritiera Mengkulang/Dungun/Kembang (Sabah)
borneensis, Heritiera globosa, Heritiera javanica,
Heritiera littoralis, Heritiera simplicifolia, Heritiera
sumatrana
37. Hopea apiculata, Hopea auriculata, Hopea beccariana, Merawan/Selangan (Sabah)
Hopea bilitonensis, Hopea bracteata, Hopea coriaceae,
Hopea dryobalanoides, Hopea dyeri, Hopea ferrea,
Hopea ferruginea, Hopea glaucescens, Hopea griffi thii,
Hopea helferi, Hopea johorensis, Hopea mengarawan,
Hopea nervosa, Hopea nutans, Hopea odorata, Hopea
latifolia, Hopea pachycarpa, Hopea pedicellata, Hopea
pierrei, Hopea polyalthioides, Hopea pubescens, Hopea
sangal, Hopea semicuneata, Hopea subalata, Hopea
sublanceolata, Hopea sulcata
38. Ilex cissoidea, Ilex cymosa Mensirah (Peninsular)/ Kerdam (Sarawak)/Morogis (Sabah)
39. Intsia palembanica, Intsia bijuga Mer bau
40. Khaya ivorensis, Khaya
Khaya senegalensis
41. Kokoona littoralis, Kokoona ochracea, Kokoona ovata- Mata ulat (Peninsular)/Bajan (Sarawak)/Perupok Kuning (Sabah)
lanceolata, Kokoona reflexa
42. Koompassia malaccensis Kempas (Peninsular)/Menggaris (Sarawak) Tapang (Sarawak)
Koompassia maingay
43. Macaranga beccariana, Macaranga conifera, Mahang (Peninsular)/ Merkubong (Sarawak)/ Merkubong (Sabah)
Macaranga gigantea, Macaranga hosei, Macaranga
hypoleuca, Macaranga lowii, Macaranga pruinosa,
Macaranga tanarius, macaranga triloba, Macaranga
winkleri
44. Maesopsis eminii Maesopsis
45. Mallotus macrostachyus, Mallotus leucodermis, Balek angin, Mallotus dau/ Dahu (Sabah)
Mallotus miquelianus, Mallotus muticus, Mallotus
penangensis, Mallotus philippensis, Mallotus wrayi
46. Mangifera applanata, Mangifera caesa, Mangifera Machang (Peninsular)/ Embang (Sarawak) Beluno/ Bambangan/Mangga (Sabah)
foetida, Mangifera griffthii, Mangifera indica,
Mangifera longipetiolata, Mangifera laurina,
Mangifera odorata, Mangifera pajang, Mangifera
parvifl ora, Mangifera quadrifi da, Mangifera torquenda
47. Neobalanocarpus heimii Chengal
48. Neolamarckia cadamba, Anthocephalus chinensis. Kelempayan (Peninsular)/ Laran (Peninsular, Sabah)/ Selimpoh (Sarawak)
49. Octomeles sumatrana Binuang
50. Palaquium clarkeanum, Palaquium gutta, Palaquium Nyatoh
hexandrum, Palaquium hispidum, Palaquium
impressinervium, Palaquium maingayi, Palaquium
microphyllum, Palaquium obovatum, Palaquium
oxleyanum, Palaquium regina-montium, Palaquium
rostratum, Palaquium semaram, Palaquium
xanthochymum
51. Paraserianthes falcataria, Albizia falcataria, Albizia Batai/Kayu machis/Kungkur (Sabah)
chinensis, Albizia lebbek, Albizia acle, Albizia
pedicellata, Albizia procera
52. Parashorea densifl ora, Parashorea globosa, Urat mata/Gerutu
Parashorea stellata, Parashorea parvifolia, Parashorea
smythiesii
53. Parkia speciosa, Parkia singularis, Parkia timoriana Petai/Kupang (Sabah)
54. Pentace adenophora, Pentace curtisii, Pentace Melunak (Peninsular)/Baru (Sarawak)/Takalis (Sabah)
laxifl ora, Pentace macrophylla, Pentace triptera
55. Pentaspadon motleyi, Pentaspadon velutinus Pejon/Pelajau
56. Peronema canescens Sungkai
57. Pinus caribaea, Pinus insularis, Pinus merkusii, Pinus Pine
kesiya
58. Pithecellobium splendens Kungkur
59. Pterospermum diversifolium, Pterospermum jackianum, Bayor
Pterospermum subpeltatum
60. Pterocarpus dalbergioides, Pterocarpus indicus, Angsana/Sena/Narra
Pterocarpus macrocarpus, Pterocarpus marsupium,
Pterocarpus santalinus
61. Pterocymbium tinctorium, Pterocymbium javanicum Melembu/Teluto
62. Pterospermum javanicum Bayor Batu
63. Sandoricum beccarianum, Sandoricum koetjape Kelampu (Sarawak)/Sentul (Peninsular, Sabah)
64. Santiria apiculata, Santiria conferta, Santiria Kedondong (Peninsular)/ Seladah (Sarawak)
tomentosa
65. Scaphium linearicarpum, Scaphium longifl orum, Kembang semangkok
Scaphium macropodum, Scaphium scaphigerum
66. Schima wallichii Gegatal/ Gatal-gatal (Sabah)
67. Scorodocarpus borneensis Kulim (Peninsular)/Bawang hutan (Sabah)/Ungsunah (Sarawak)
68. Shorea acuminata, Shorea albida, Shorea almon, Meranti/ Seraya (Sabah)
Shorea andulensis, Shorea argentifolia, Shorea
assamica, Shorea bracteolata, Shorea dasyphylla,
Shorea fallax, Shorea henryana, Shorea hopeifolia,
Shorea hypochra, Shorea laxa, Shorea leprosula,
Shorea macroptera, Shorea myrionerva, Shorea
ochrophloia, Shorea ovalis, Shorea ovata, Shorea
parvifolia, Shorea parvistipulata, Shorea paucifl ora,
Shorea platyclados, Shorea polyandra, Shorea
quadrinervis, Shorea revolute, Shorea retusa, Shorea
roxburghii, Shorea rubra, Shorea rugosa, Shorea
scabrida, Shorea slootenii, Shorea smithiana, Shorea
talura, Shorea teysmanniana, Shorea waltonii
69. Shorea macrophylla Engkabang jantong
Shorea pinanga, Engkabang langgai bukit
Shorea palembanica Engkabang asu
Shorea splendida Engkabang bintang
Shorea macrantha Engkabang bungkus
Shorea hemsyleyana Engkabang gading
Shorea stenoptera, Engkabang rusa
Shorea seminis Engkabang terendak
and other Engkabang Kawang (Sabah) species
70. Sindora coriacea, Sindora echinocalyx, Sindora Sepetir (Peninsular)/Tampar hantu (Sarawak)
siamensis, Sindora velutina, Sindora wallichii
71. Swietenia macrophylla Mahogany
72. Tectona grandis Teak/Jati
73. Terminalia bellirica, Terminalia calamansanai, Talisai (Sabah)/ Jelawai/ Jaha (Semenanjung)/Kedandi (Sarawak)
Terminalia catappa, Terminalia citrina, Terminalia
copelandii, Terminalia foetidissima, Terminalia
phellocarpa, Terminalia subspathulata
74. Tetramerista glabra Punah (Peninsular)/Kayu hujan (Sarawak)/Tuyot (Sabah)
75. Toona calantas, Toona ciliata, Toona sinensis, Toona Surian/Limpaga/Red cedar
sureni
76. Vatica albiramis, Vatica bella, Vatica cinerea, Vatica Resak
cuspida, Vatica dulitensis, Vatica fl avida, Vatica
havilandii, Vatica heroptera, Vatica lowii, Vatica
maingayi, Vatica mangachapoi, Vatica maritima, Vatica
micrantha, Vatica nitens, vatica oblongifolia, Vatica
odorata, Vatica paucifl ora, Vatica rassak, Vatica
sarawakensis, Vatica scortechinii, Vatica venulosa
Made 23 November 2009
[CR (8.09)294/6/4-9 (SJ. 9) (2010); LHDN. 01/35/(S)/42/51/231-17.11;
PN(PU2)80/LVIII]
DATO’ SERI HAJI AHMAD HUSNI BIN MOHAMAD HANADZLAH
Second Minister of Finance
[To be laid before the Dewan Rakyat pursuant to subsection 154(2) Income
Tax Act 1967]
INCOME TAX (EXEMPTION) (NO. 10) 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. 10) Order 2009.
(2) This Order is deemed to have come into operation on 21 May 2003 and shall have effect to the extent of its application for the purposes of subparagraph 3(b) and subparagraph 4(1).
Interpretation
2. In this Order—
“forest plantation project” means a forest plantation project for species as specified in the Schedule;
“new forest plantation project” means the first approved forest plantation project undertaken by a company;
“expansion forest plantation project” means a project involving new investment undertaken by a company in expanding its approved forest plantation project and the approved forest plantation project has not been granted any tax exemption under this Order or the Income Tax (Exemption) (No. 11) Order 2009;
“approved project” means a project which fulfills the condition in paragraph 3;
“company” means a company—
(a) incorporated under the Companies Act 1965 [Act 125] and resident in Malaysia; and
(b) undertaking a new project or an expansion project.
Approved project
3. A project undertaken by a company is qualified for an exemption under this Order if such project fulfills the following conditions:
(a) the project is a forest plantation project or an expansion forest plantation project; and
(b) the application for the new forest plantation project or the expansion forest plantation project relating to the project referred to in subparagraph (a) is made to the Minister, through the Minister charged with responsibility for that project, on or after 21 May 2003 but not later than 31 December 2011.
Exemption
4. (1) Subject to subparagraph (2), the Minister exempts a company from the payment of income tax in relation to—
(a) a new forest plantation project for a period of ten consecutive years of assessment (referred to in this Order as the “exempt years of assessment”) in respect of the statutory income, commencing from the first year of assessment in which the company derived statutory income from that new forest plantation project; or
(b) an expansion forest plantation project for a period of five consecutive years of assessment (referred to in this Order as the “exempt years of assessment”) in respect of the statutory income from its existing approved project and expansion project, commencing from the first year of assessment in which the company derived statutory income from the existing approved project and expansion project, as the case may be, and that first year of assessment shall not be earlier than the year of assessment in the basis period in which the date of approval from the Minister falls.
(2) The statutory income of the project referred to in subparagraph (1) in the basis period for each of the exempt years of assessment shall be determined after deducting allowances which fall to be made under Schedule 3 of the Act notwithstanding that no claim for such allowances has been made.
(3) Where an asset used for the purpose of the project referred to in subparagraph (1) is also used for the purpose of a project or business other than that project, the allowances which fall to be made under Schedule 3 of the Act shall be deducted as is reasonable having regard to the extent to which the asset is used for the purpose of the new project or expansion project, as the case may be.
(4) Nothing in subparagraph (1) shall absolve or is deemed to have absolved the company from complying with any requirement to submit any return or statement of accounts or to furnish any other information under the provision of the Act.
Losses
5. (1) Any amount of adjusted loss incurred—
(a) from the year of assessment in the basis period in which the project referred to in subparagraph 4(1) has commenced to the year of assessment immediately prior to the exempt years of assessment;
and
(b) during the exempt years of assessment, shall be carried forward and deducted against the statutory income of the project referred to in subparagraph 4(1) in its post-exempt year or years of assessment until such project has utilized the whole amount of the adjusted loss to which it is so entitled.
(2) The amount of the adjusted loss that was utilized to reduce the statutory income of the project referred to in subparagraph 4(1) in its post-exempt year or years of assessment shall be disregarded for the purposes of subsections 43(2) and 44(2) of the Act.
Capital allowance
6. For the purpose of this Order, Schedule 3 of the Act shall apply.
Withdrawal of tax exemption
7. The Minister may withdraw the exemption on the statutory income of the project referred to in subparagraph 4(1) if a company fails to comply with the conditions imposed by the Minister.
Separate account
8. A company which is exempted under subparagraph 4(1) shall maintain a separate account for the income derived from the project referred to in that subparagraph.
Application of paragraphs 5 and 6 of Schedule 7A of the Act
9. Paragraphs 5 and 6 of Schedule 7A of the Act shall apply, mutatis mutandis, to the amount of statutory income exempted from the project referred to in subparagraph 4(1).
Non-application
10. This Order shall not apply to—
(a) a new project or an expansion project, that commences after one year from the date of approval or after such extended period approved by the Minister;
(b) a company in the basis period for a year of assessment if that company for that year of assessment—
(i) has been granted any incentive under the Promotion of Investments Act 1986 [Act 327];
(ii) has made a claim for reinvestment allowance under Schedule 7A of the Act;
(iii) has been granted an exemption under paragraph 127(3)(b) or subsection 127(3A) of the Act; or
(iv) has qualified for a deduction under any rules made under section 154 of the Act including any rules that provides higher fraction for an asset for the purpose of qualifying plant expenditure under Schedule 3 of the Act.
SCHEDULE
Item Specie Local Name
1. Acacia mangium, Acacia auriculiformis, Acacia hybrids Acacia
2. Agathis borneensis Damar minyak (Peninsular)/Bindang (Sarawak)/Mengilan (Sabah)
3. Alstonia angustifolia, Alstonia angustiloba, Alstonia Pulai (Peninsular)/Pelai (Sarawak)
macrophylla, Alstonia pneumatophora, Alstonia
scholaris, Alstonia spatulata
4. Anisoptera costata, Anisoptera curtisii, Anisoptera Mersawa/Pengiran (Sabah)
grossivenia, Anisoptera laevis, Anisoptera marginata,
Anisoptera megistocarpa, Anisoptera scaphula
5. Araucaria cunninghamii Hoop pine
Araucarai hunstenii Klinki pine
6. Artocarpus altilis, Artocarpus elasticus, Artocarpus Cempedak/Terap
lowii, Artocarpus odoratissima, Artocarpus scortechinii,
Artocarpus tamaran, Artocarpus teysmannii
7. Azadirachta excelsa Sentang (Peninsular)/Ranggu (Sabah, Sarawak)
8. Bischofia javanica Javan cedar/Jitang/Tuai
9. Calamus manan Rotan manau
Calamus caesius Rotan sega
10. Calophyllum biflorum, Calophyllum calaba, Calophyllum Bintangor
canum, Calophyllum coriaceum, Calophyllum
depressinervosum, Calophyllum ferrugineum,
Calophyllum inophyllum, Calophyllum macrocarpum,
Calophyllum pulcherrimum, Calophyllum sclerophyllum,
Calophyllum symingtonianum, Calophyllum tetrapterum,
Calophyllum teysmannii, Calophyllum wallichianum
11. Campnosperma auriculatum, Campnosperma coriaceum, Terentang
Campnosperma squamatum
12. Cananga odorata Kenanga
13. Canarium apertum, Canarium littorale, Canarium Kedondong (Peninsular)/ Seladah (Sarawak)
pseudosumatranum
14. Casuarina cunninghamiana, Casuarina equisetifolia, Rhu/Jemara/Chemara
Casuarina glauca, Casuarina junghuhniana
15. Ceiba pentandra, Bombax ceiba, Bombax valetonii Kapok (Sabah)/Kekabu
16. Chukrasia tabularis Surian batu
17. Cinnamomum altissimum, Cinnamomum iners, Pokok Teja/Medang teja/ Medang
Cinnamomum sintoc, Cinnamomum javanicum,
Cinnamomum porrectum, Cinnamomum scortechinii
18. Coelostegia borneensis, Coelostegia griffithii Punggai (Peninsular)/Durian hantu (Sarawak)
19. Cratoxylum arborescens, Cratoxylum glaucum Geronggang
20. Dacrydium beccarii, Dacrydium comosum, Dacrydium Sempilor/Ekor (Peninsular)
elatum, Dacrydium gibbsiae
21. Dactylocladus stenostachys Jongkong
22. Dillenia borneensis, Dillenia excelsa, Dillenia Simpoh (Peninsular)/Buan (Sarawak)
grandifolia, Dillenia pulchella, Dillenia reticulata
23. Dipterocarpus acutangulus, Dipterocarpus Keruing
applanatus, Dipterocarpus elongates, Dipterocarpus
baudii, Dipterocarpus caudiferus, Dipterocarpus
chartaceus, Dipterocarpus concavus, Dipterocarpus
cornutus, Dipterocarpus confertus, Dipterocarpus
conformis, Dipterocarpus costatus, Dipterocarpus
costulatus, Dipterocarpus crinitus, Dipterocarpus
dyeri, Dipterocarpus elongatus, Dipterocarpus
eurynchus, Dipterocarpus fagineus, Dipterocarpus
geniculatus, Dipterocarpus gracilis, Dipterocarpus
grandiflorus, Dipterocarpus hasseltii, Dipterocarpus
humeratus, Dipterocarpus kerrii, Dipterocarpus
kunstleri, Dipterocarpus lamellatus, Dipterocarpus
lowii, Dipterocarpus obtusifolius, Dipterocarpus
oblongifolius, Dipterocarpus ochraceus, Dipterocarpus
pachyphyllus, Dipterocarpus palembanicus,
Dipterocarpus pseudofagineus, Dipterocarpus
rigidus, Dipterocarpus rotundifolius, Dipterocarpus
sarawakensis, Dipterocarpus semivestitus, Dipterocarpus
sublamellatus, Dipterocarpus stellatus, Dipterocarpus
validus, Dipterocarpus verrucosus
24. Dryobalanops aromatica, Dryobalanops beccarii, Kapur
Dryobalanops fusca, Dryobalanops keithii, Dryobalanops
lanceolata, Dryobalanops oblongifolia, Dryobalanops
rappa
25. Duabanga moluccana, Duabanga grandiflora Magasawih/Sawih (Sarawak) Magas (Sabah)/Berembang bukit (Peninsular)/Tagahas (Sabah)
26. Durio carinatus, Durio grandiflorus, Durio graveolens, Durian
Durio lowianus, Durio malaccensis, Durio oxleyanus,
Durio singaporensis, Durio wyatt-smithii, Durio
zibethinus
27. Dyera costulata, Dyera polyphylla Jelutong
28. Endospermum diadenum, Sesenduk (Peninsular)/ Senduk-senduk mata/ Marapangi (Sabah)/Terbulan (Sarawak)
Endospermum peltatum
29. Eucalyptus deglupta, Eucalyptus grandis, Eucalyptus Eucalyptus
camadulensis, Eucalyptus pellita, Eucalyptus tereticornis,
Eucalyptus hybrids
30. Eusideroxylon zwageri Belian
31. Fagraea crenulata Malabera/Malabira (Sabah)
32. Gigantochloa levis Buluh beting/Buluh poring
Gigantochloa ligulata Buluh tumpat
Bambusa blumeana Buluh duri
Dendrocalamus asper Buluh betong
33. Gmelina arborea Yemane
34. Gonystylus affinis, Gonystylus bancanus, Gonystylus Ramin
brunnescens, Gonystylus confuses, Gonystylus
maingayi
35. Hevea brasiliensis Rubber/Getah (Klon Lateks Balak)
36. Heritiera albiflora, Heritiera aurea, Heritiera borneensis, Mengkulang/Dungun/ Kembang (Sabah)
Heritiera globosa, Heritiera javanica, Heritiera littoralis,
Heritiera simplicifolia, Heritiera sumatrana
37. Hopea apiculata, Hopea auriculata, Hopea beccariana, Merawan/Selangan (Sabah)
Hopea bilitonensis, Hopea bracteata, Hopea coriaceae,
Hopea dryobalanoides, Hopea dyeri, Hopea ferrea,
Hopea ferruginea, Hopea glaucescens, Hopea griffithii,
Hopea helferi, Hopea johorensis, Hopea mengarawan,
Hopea nervosa, Hopea nutans, Hopea odorata, Hopea
latifolia, Hopea pachycarpa, Hopea pedicellata, Hopea
pierrei, Hopea polyalthioides, Hopea pubescens, Hopea
sangal, Hopea semicuneata, Hopea subalata, Hopea
sublanceolata, Hopea sulcata
38. Ilex cissoidea, Ilex cymosa Mensirah (Peninsular)/ Kerdam (Sarawak)/Morogis (Sabah)
39. Intsia palembanica, Intsia bijuga Merbau
40. Khaya ivorensis, Khaya
Khaya senegalensis
41. Kokoona littoralis, Kokoona ochracea, Kokoona ovata- Mata ulat (Peninsular)/Bajan (Sarawak)/Perupok Kuning (Sabah)
lanceolata, Kokoona reflexa
42. Koompassia malaccensis Kempas (Peninsular)/Menggaris (Sarawak) Tapang(Sarawak)
43. Macaranga beccariana, Macaranga conifera, Macaranga Mahang (Peninsular)/ Merkubong (Sarawak)/ Merkubong (Sabah)
gigantea, Macaranga hosei, Macaranga hypoleuca,
Macaranga lowii, Macaranga pruinosa, Macaranga
tanarius, macaranga triloba, Macaranga winkleri
44. Maesopsis eminii Maesopsis
45. Mallotus macrostachyus, Mallotus leucodermis, Mallotus Balek angin, Mallotus dau/Dahu (Sabah)
miquelianus, Mallotus muticus, Mallotus penangensis,
Mallotus philippensis, Mallotus wrayi
46. Mangifera applanata, Mangifera caesa, Mangifera Machang (Peninsular)/ Embang (Sarawak) Beluno/ Bambangan/Mangga (Sabah)
foetida, Mangifera griffthii, Mangifera indica, Mangifera
longipetiolata, Mangifera laurina, Mangifera odorata,
Mangifera pajang, Mangifera parviflora, Mangifera
quadrifida, Mangifera torquenda
47. Neobalanocarpus heimii Chengal
48. Neolamarckia cadamba, Anthocephalus chinensis Kelempayan (Peninsular)/ Laran (Peninsular, Sabah)/ Selimpoh (Sarawak)
49. Octomeles sumatrana Binuang
50. Palaquium clarkeanum, Palaquium gutta, Palaquium Nyatoh
hexandrum, Palaquium hispidum, Palaquium
impressinervium, Palaquium maingayi, Palaquium
microphyllum, Palaquium obovatum, Palaquium
oxleyanum, Palaquium regina-montium, Palaquium
rostratum, Palaquium semaram, Palaquium
xanthochymum
51. Paraserianthes falcataria, Albizia falcataria, Albizia Batai/Kayu machis/Kungkur (Sabah)
chinensis, Albizia lebbek, Albizia acle, Albizia
pedicellata, Albizia procera
52. Parashorea densiflora, Parashorea globosa, Urat mata/Gerutu
Parashorea stellata, Parashorea parvifolia, Parashorea
smythiesii
53. Parkia speciosa, Parkia singularis, Parkia Petai/Kupang (Sabah)
timoriana
54. Pentace adenophora, Pentace curtisii, Pentace laxiflora, Melunak (Peninsular)/Baru (Sarawak)/Takalis (Sabah)
Pentace macrophylla, Pentace triptera
55. Pentaspadon motleyi, Pentaspadon velutinus Pejon/Pelajau
56. Peronema canescens Sungkai
57. Pinus caribaea, Pinus insularis, Pinus merkusii, Pine
Pinus kesiya
58. Pithecellobium splendens Kungkur
59. Pterospermum diversifolium, Pterospermum jackianum, Bayor
Pterospermum subpeltatum
60. Pterocarpus dalbergioides, Pterocarpus indicus, Angsana/Sena/Narra
Pterocarpus macrocarpus, Pterocarpus marsupium,
Pterocarpus santalinus
61. Pterocymbium tinctorium, Pterocymbium javanicum Melembu/Teluto
62. Pterospermum javanicum Bayor Batu
63. Sandoricum beccarianum, Sandoricum koetjape Kelampu (Sarawak)/Sentul (Peninsular, Sabah)
64. Santiria apiculata, Santiria conferta, Santiria Kedondong (Peninsular)/ Seladah (Sarawak)
tomentosa
65. Scaphium linearicarpum, Scaphium longiflorum, Kembang semangkok
Scaphium macropodum, Scaphium scaphigerum
66. Schima wallichii Gegatal/Gatal-gatal (Sabah)
67. Scorodocarpus borneensis Kulim (Peninsular)/Bawang hutan (Sabah)/Ungsunah (Sarawak)
68. Shorea acuminata, Shorea albida, Shorea almon, Shorea Meranti/Seraya (Sabah)
andulensis, Shorea argentifolia, Shorea assamica, Shorea
bracteolata, Shorea dasyphylla, Shorea fallax, Shorea
henryana, Shorea hopeifolia, Shorea hypochra, Shorea
laxa, Shorea leprosula, Shorea macroptera, Shorea
myrionerva, Shorea ochrophloia, Shorea ovalis, Shorea
ovata, Shorea parvifolia, Shorea parvistipulata, Shorea
pauciflora, Shorea platyclados, Shorea polyandra,
Shorea quadrinervis, Shorea revolute, Shorea retusa,
Shorea roxburghii, Shorea rubra, Shorea rugosa, Shorea
scabrida, Shorea slootenii, Shorea smithiana, Shorea
talura, Shorea teysmanniana, Shorea waltonii
69. Shorea macrophylla Engkabang jantong
Shorea pinanga, Engkabang langgai bukit
Shorea palembanica Engkabang asu
Shorea splendida Engkabang bintang
Shorea macrantha Engkabang bungkus
Shorea hemsyleyana Engkabang gading
Shorea stenoptera, Engkabang rusa
Shorea seminis Engkabang terendak
and other Engkabang Kawang (Sabah) species
70. Sindora coriacea, Sindora echinocalyx, Sindora Sepetir (Peninsular)/Tampar hantu (Sarawak)
siamensis, Sindora velutina, Sindora wallichii
71. Swietenia macrophylla Mahogany
72. Tectona grandis Teak/Jati
73. Terminalia bellirica, Terminalia calamansanai, Talisai (Sabah)/Jelawai/ Jaha (Peninsular)/Kedandi (Sarawak)
Terminalia catappa, Terminalia citrina, Terminalia
copelandii, Terminalia foetidissima, Terminalia
phellocarpa, Terminalia subspathulata
74. Tetramerista glabra Punah (Peninsular)/Kayu hujan (Sarawak)/Tuyot (Sabah)
75. Toona calantas, Toona ciliata, Toona sinensis, Toona Surian/Limpaga/Red cedar
sureni
76. Vatica albiramis, Vatica bella, Vatica cinerea, Vatica Resak
cuspida, Vatica dulitensis, Vatica flavida, Vatica
havilandii, Vatica heroptera, Vatica lowii, Vatica
maingayi, Vatica mangachapoi, Vatica maritima,
Vatica micrantha, Vatica nitens, vatica oblongifolia,
Vatica odorata, Vatica pauciflora, Vatica rassak, Vatica
sarawakensis, Vatica scortechinii, Vatica venulosa
Made 23 November 2009
[CR (8.09) 294/6/4-9 (SJ. 9) (2010); LHDN. 01/35/(S)/42/51/231-17.11;
PN(PU2)80/LVIII]
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]
Citation and commencement
1. (1) This order may be cited as the Income Tax (Exemption) (No. 10) Order 2009.
(2) This Order is deemed to have come into operation on 21 May 2003 and shall have effect to the extent of its application for the purposes of subparagraph 3(b) and subparagraph 4(1).
Interpretation
2. In this Order—
“forest plantation project” means a forest plantation project for species as specified in the Schedule;
“new forest plantation project” means the first approved forest plantation project undertaken by a company;
“expansion forest plantation project” means a project involving new investment undertaken by a company in expanding its approved forest plantation project and the approved forest plantation project has not been granted any tax exemption under this Order or the Income Tax (Exemption) (No. 11) Order 2009;
“approved project” means a project which fulfills the condition in paragraph 3;
“company” means a company—
(a) incorporated under the Companies Act 1965 [Act 125] and resident in Malaysia; and
(b) undertaking a new project or an expansion project.
Approved project
3. A project undertaken by a company is qualified for an exemption under this Order if such project fulfills the following conditions:
(a) the project is a forest plantation project or an expansion forest plantation project; and
(b) the application for the new forest plantation project or the expansion forest plantation project relating to the project referred to in subparagraph (a) is made to the Minister, through the Minister charged with responsibility for that project, on or after 21 May 2003 but not later than 31 December 2011.
Exemption
4. (1) Subject to subparagraph (2), the Minister exempts a company from the payment of income tax in relation to—
(a) a new forest plantation project for a period of ten consecutive years of assessment (referred to in this Order as the “exempt years of assessment”) in respect of the statutory income, commencing from the first year of assessment in which the company derived statutory income from that new forest plantation project; or
(b) an expansion forest plantation project for a period of five consecutive years of assessment (referred to in this Order as the “exempt years of assessment”) in respect of the statutory income from its existing approved project and expansion project, commencing from the first year of assessment in which the company derived statutory income from the existing approved project and expansion project, as the case may be, and that first year of assessment shall not be earlier than the year of assessment in the basis period in which the date of approval from the Minister falls.
(2) The statutory income of the project referred to in subparagraph (1) in the basis period for each of the exempt years of assessment shall be determined after deducting allowances which fall to be made under Schedule 3 of the Act notwithstanding that no claim for such allowances has been made.
(3) Where an asset used for the purpose of the project referred to in subparagraph (1) is also used for the purpose of a project or business other than that project, the allowances which fall to be made under Schedule 3 of the Act shall be deducted as is reasonable having regard to the extent to which the asset is used for the purpose of the new project or expansion project, as the case may be.
(4) Nothing in subparagraph (1) shall absolve or is deemed to have absolved the company from complying with any requirement to submit any return or statement of accounts or to furnish any other information under the provision of the Act.
Losses
5. (1) Any amount of adjusted loss incurred—
(a) from the year of assessment in the basis period in which the project referred to in subparagraph 4(1) has commenced to the year of assessment immediately prior to the exempt years of assessment;
and
(b) during the exempt years of assessment, shall be carried forward and deducted against the statutory income of the project referred to in subparagraph 4(1) in its post-exempt year or years of assessment until such project has utilized the whole amount of the adjusted loss to which it is so entitled.
(2) The amount of the adjusted loss that was utilized to reduce the statutory income of the project referred to in subparagraph 4(1) in its post-exempt year or years of assessment shall be disregarded for the purposes of subsections 43(2) and 44(2) of the Act.
Capital allowance
6. For the purpose of this Order, Schedule 3 of the Act shall apply.
Withdrawal of tax exemption
7. The Minister may withdraw the exemption on the statutory income of the project referred to in subparagraph 4(1) if a company fails to comply with the conditions imposed by the Minister.
Separate account
8. A company which is exempted under subparagraph 4(1) shall maintain a separate account for the income derived from the project referred to in that subparagraph.
Application of paragraphs 5 and 6 of Schedule 7A of the Act
9. Paragraphs 5 and 6 of Schedule 7A of the Act shall apply, mutatis mutandis, to the amount of statutory income exempted from the project referred to in subparagraph 4(1).
Non-application
10. This Order shall not apply to—
(a) a new project or an expansion project, that commences after one year from the date of approval or after such extended period approved by the Minister;
(b) a company in the basis period for a year of assessment if that company for that year of assessment—
(i) has been granted any incentive under the Promotion of Investments Act 1986 [Act 327];
(ii) has made a claim for reinvestment allowance under Schedule 7A of the Act;
(iii) has been granted an exemption under paragraph 127(3)(b) or subsection 127(3A) of the Act; or
(iv) has qualified for a deduction under any rules made under section 154 of the Act including any rules that provides higher fraction for an asset for the purpose of qualifying plant expenditure under Schedule 3 of the Act.
SCHEDULE
Item Specie Local Name
1. Acacia mangium, Acacia auriculiformis, Acacia hybrids Acacia
2. Agathis borneensis Damar minyak (Peninsular)/Bindang (Sarawak)/Mengilan (Sabah)
3. Alstonia angustifolia, Alstonia angustiloba, Alstonia Pulai (Peninsular)/Pelai (Sarawak)
macrophylla, Alstonia pneumatophora, Alstonia
scholaris, Alstonia spatulata
4. Anisoptera costata, Anisoptera curtisii, Anisoptera Mersawa/Pengiran (Sabah)
grossivenia, Anisoptera laevis, Anisoptera marginata,
Anisoptera megistocarpa, Anisoptera scaphula
5. Araucaria cunninghamii Hoop pine
Araucarai hunstenii Klinki pine
6. Artocarpus altilis, Artocarpus elasticus, Artocarpus Cempedak/Terap
lowii, Artocarpus odoratissima, Artocarpus scortechinii,
Artocarpus tamaran, Artocarpus teysmannii
7. Azadirachta excelsa Sentang (Peninsular)/Ranggu (Sabah, Sarawak)
8. Bischofia javanica Javan cedar/Jitang/Tuai
9. Calamus manan Rotan manau
Calamus caesius Rotan sega
10. Calophyllum biflorum, Calophyllum calaba, Calophyllum Bintangor
canum, Calophyllum coriaceum, Calophyllum
depressinervosum, Calophyllum ferrugineum,
Calophyllum inophyllum, Calophyllum macrocarpum,
Calophyllum pulcherrimum, Calophyllum sclerophyllum,
Calophyllum symingtonianum, Calophyllum tetrapterum,
Calophyllum teysmannii, Calophyllum wallichianum
11. Campnosperma auriculatum, Campnosperma coriaceum, Terentang
Campnosperma squamatum
12. Cananga odorata Kenanga
13. Canarium apertum, Canarium littorale, Canarium Kedondong (Peninsular)/ Seladah (Sarawak)
pseudosumatranum
14. Casuarina cunninghamiana, Casuarina equisetifolia, Rhu/Jemara/Chemara
Casuarina glauca, Casuarina junghuhniana
15. Ceiba pentandra, Bombax ceiba, Bombax valetonii Kapok (Sabah)/Kekabu
16. Chukrasia tabularis Surian batu
17. Cinnamomum altissimum, Cinnamomum iners, Pokok Teja/Medang teja/ Medang
Cinnamomum sintoc, Cinnamomum javanicum,
Cinnamomum porrectum, Cinnamomum scortechinii
18. Coelostegia borneensis, Coelostegia griffithii Punggai (Peninsular)/Durian hantu (Sarawak)
19. Cratoxylum arborescens, Cratoxylum glaucum Geronggang
20. Dacrydium beccarii, Dacrydium comosum, Dacrydium Sempilor/Ekor (Peninsular)
elatum, Dacrydium gibbsiae
21. Dactylocladus stenostachys Jongkong
22. Dillenia borneensis, Dillenia excelsa, Dillenia Simpoh (Peninsular)/Buan (Sarawak)
grandifolia, Dillenia pulchella, Dillenia reticulata
23. Dipterocarpus acutangulus, Dipterocarpus Keruing
applanatus, Dipterocarpus elongates, Dipterocarpus
baudii, Dipterocarpus caudiferus, Dipterocarpus
chartaceus, Dipterocarpus concavus, Dipterocarpus
cornutus, Dipterocarpus confertus, Dipterocarpus
conformis, Dipterocarpus costatus, Dipterocarpus
costulatus, Dipterocarpus crinitus, Dipterocarpus
dyeri, Dipterocarpus elongatus, Dipterocarpus
eurynchus, Dipterocarpus fagineus, Dipterocarpus
geniculatus, Dipterocarpus gracilis, Dipterocarpus
grandiflorus, Dipterocarpus hasseltii, Dipterocarpus
humeratus, Dipterocarpus kerrii, Dipterocarpus
kunstleri, Dipterocarpus lamellatus, Dipterocarpus
lowii, Dipterocarpus obtusifolius, Dipterocarpus
oblongifolius, Dipterocarpus ochraceus, Dipterocarpus
pachyphyllus, Dipterocarpus palembanicus,
Dipterocarpus pseudofagineus, Dipterocarpus
rigidus, Dipterocarpus rotundifolius, Dipterocarpus
sarawakensis, Dipterocarpus semivestitus, Dipterocarpus
sublamellatus, Dipterocarpus stellatus, Dipterocarpus
validus, Dipterocarpus verrucosus
24. Dryobalanops aromatica, Dryobalanops beccarii, Kapur
Dryobalanops fusca, Dryobalanops keithii, Dryobalanops
lanceolata, Dryobalanops oblongifolia, Dryobalanops
rappa
25. Duabanga moluccana, Duabanga grandiflora Magasawih/Sawih (Sarawak) Magas (Sabah)/Berembang bukit (Peninsular)/Tagahas (Sabah)
26. Durio carinatus, Durio grandiflorus, Durio graveolens, Durian
Durio lowianus, Durio malaccensis, Durio oxleyanus,
Durio singaporensis, Durio wyatt-smithii, Durio
zibethinus
27. Dyera costulata, Dyera polyphylla Jelutong
28. Endospermum diadenum, Sesenduk (Peninsular)/ Senduk-senduk mata/ Marapangi (Sabah)/Terbulan (Sarawak)
Endospermum peltatum
29. Eucalyptus deglupta, Eucalyptus grandis, Eucalyptus Eucalyptus
camadulensis, Eucalyptus pellita, Eucalyptus tereticornis,
Eucalyptus hybrids
30. Eusideroxylon zwageri Belian
31. Fagraea crenulata Malabera/Malabira (Sabah)
32. Gigantochloa levis Buluh beting/Buluh poring
Gigantochloa ligulata Buluh tumpat
Bambusa blumeana Buluh duri
Dendrocalamus asper Buluh betong
33. Gmelina arborea Yemane
34. Gonystylus affinis, Gonystylus bancanus, Gonystylus Ramin
brunnescens, Gonystylus confuses, Gonystylus
maingayi
35. Hevea brasiliensis Rubber/Getah (Klon Lateks Balak)
36. Heritiera albiflora, Heritiera aurea, Heritiera borneensis, Mengkulang/Dungun/ Kembang (Sabah)
Heritiera globosa, Heritiera javanica, Heritiera littoralis,
Heritiera simplicifolia, Heritiera sumatrana
37. Hopea apiculata, Hopea auriculata, Hopea beccariana, Merawan/Selangan (Sabah)
Hopea bilitonensis, Hopea bracteata, Hopea coriaceae,
Hopea dryobalanoides, Hopea dyeri, Hopea ferrea,
Hopea ferruginea, Hopea glaucescens, Hopea griffithii,
Hopea helferi, Hopea johorensis, Hopea mengarawan,
Hopea nervosa, Hopea nutans, Hopea odorata, Hopea
latifolia, Hopea pachycarpa, Hopea pedicellata, Hopea
pierrei, Hopea polyalthioides, Hopea pubescens, Hopea
sangal, Hopea semicuneata, Hopea subalata, Hopea
sublanceolata, Hopea sulcata
38. Ilex cissoidea, Ilex cymosa Mensirah (Peninsular)/ Kerdam (Sarawak)/Morogis (Sabah)
39. Intsia palembanica, Intsia bijuga Merbau
40. Khaya ivorensis, Khaya
Khaya senegalensis
41. Kokoona littoralis, Kokoona ochracea, Kokoona ovata- Mata ulat (Peninsular)/Bajan (Sarawak)/Perupok Kuning (Sabah)
lanceolata, Kokoona reflexa
42. Koompassia malaccensis Kempas (Peninsular)/Menggaris (Sarawak) Tapang(Sarawak)
43. Macaranga beccariana, Macaranga conifera, Macaranga Mahang (Peninsular)/ Merkubong (Sarawak)/ Merkubong (Sabah)
gigantea, Macaranga hosei, Macaranga hypoleuca,
Macaranga lowii, Macaranga pruinosa, Macaranga
tanarius, macaranga triloba, Macaranga winkleri
44. Maesopsis eminii Maesopsis
45. Mallotus macrostachyus, Mallotus leucodermis, Mallotus Balek angin, Mallotus dau/Dahu (Sabah)
miquelianus, Mallotus muticus, Mallotus penangensis,
Mallotus philippensis, Mallotus wrayi
46. Mangifera applanata, Mangifera caesa, Mangifera Machang (Peninsular)/ Embang (Sarawak) Beluno/ Bambangan/Mangga (Sabah)
foetida, Mangifera griffthii, Mangifera indica, Mangifera
longipetiolata, Mangifera laurina, Mangifera odorata,
Mangifera pajang, Mangifera parviflora, Mangifera
quadrifida, Mangifera torquenda
47. Neobalanocarpus heimii Chengal
48. Neolamarckia cadamba, Anthocephalus chinensis Kelempayan (Peninsular)/ Laran (Peninsular, Sabah)/ Selimpoh (Sarawak)
49. Octomeles sumatrana Binuang
50. Palaquium clarkeanum, Palaquium gutta, Palaquium Nyatoh
hexandrum, Palaquium hispidum, Palaquium
impressinervium, Palaquium maingayi, Palaquium
microphyllum, Palaquium obovatum, Palaquium
oxleyanum, Palaquium regina-montium, Palaquium
rostratum, Palaquium semaram, Palaquium
xanthochymum
51. Paraserianthes falcataria, Albizia falcataria, Albizia Batai/Kayu machis/Kungkur (Sabah)
chinensis, Albizia lebbek, Albizia acle, Albizia
pedicellata, Albizia procera
52. Parashorea densiflora, Parashorea globosa, Urat mata/Gerutu
Parashorea stellata, Parashorea parvifolia, Parashorea
smythiesii
53. Parkia speciosa, Parkia singularis, Parkia Petai/Kupang (Sabah)
timoriana
54. Pentace adenophora, Pentace curtisii, Pentace laxiflora, Melunak (Peninsular)/Baru (Sarawak)/Takalis (Sabah)
Pentace macrophylla, Pentace triptera
55. Pentaspadon motleyi, Pentaspadon velutinus Pejon/Pelajau
56. Peronema canescens Sungkai
57. Pinus caribaea, Pinus insularis, Pinus merkusii, Pine
Pinus kesiya
58. Pithecellobium splendens Kungkur
59. Pterospermum diversifolium, Pterospermum jackianum, Bayor
Pterospermum subpeltatum
60. Pterocarpus dalbergioides, Pterocarpus indicus, Angsana/Sena/Narra
Pterocarpus macrocarpus, Pterocarpus marsupium,
Pterocarpus santalinus
61. Pterocymbium tinctorium, Pterocymbium javanicum Melembu/Teluto
62. Pterospermum javanicum Bayor Batu
63. Sandoricum beccarianum, Sandoricum koetjape Kelampu (Sarawak)/Sentul (Peninsular, Sabah)
64. Santiria apiculata, Santiria conferta, Santiria Kedondong (Peninsular)/ Seladah (Sarawak)
tomentosa
65. Scaphium linearicarpum, Scaphium longiflorum, Kembang semangkok
Scaphium macropodum, Scaphium scaphigerum
66. Schima wallichii Gegatal/Gatal-gatal (Sabah)
67. Scorodocarpus borneensis Kulim (Peninsular)/Bawang hutan (Sabah)/Ungsunah (Sarawak)
68. Shorea acuminata, Shorea albida, Shorea almon, Shorea Meranti/Seraya (Sabah)
andulensis, Shorea argentifolia, Shorea assamica, Shorea
bracteolata, Shorea dasyphylla, Shorea fallax, Shorea
henryana, Shorea hopeifolia, Shorea hypochra, Shorea
laxa, Shorea leprosula, Shorea macroptera, Shorea
myrionerva, Shorea ochrophloia, Shorea ovalis, Shorea
ovata, Shorea parvifolia, Shorea parvistipulata, Shorea
pauciflora, Shorea platyclados, Shorea polyandra,
Shorea quadrinervis, Shorea revolute, Shorea retusa,
Shorea roxburghii, Shorea rubra, Shorea rugosa, Shorea
scabrida, Shorea slootenii, Shorea smithiana, Shorea
talura, Shorea teysmanniana, Shorea waltonii
69. Shorea macrophylla Engkabang jantong
Shorea pinanga, Engkabang langgai bukit
Shorea palembanica Engkabang asu
Shorea splendida Engkabang bintang
Shorea macrantha Engkabang bungkus
Shorea hemsyleyana Engkabang gading
Shorea stenoptera, Engkabang rusa
Shorea seminis Engkabang terendak
and other Engkabang Kawang (Sabah) species
70. Sindora coriacea, Sindora echinocalyx, Sindora Sepetir (Peninsular)/Tampar hantu (Sarawak)
siamensis, Sindora velutina, Sindora wallichii
71. Swietenia macrophylla Mahogany
72. Tectona grandis Teak/Jati
73. Terminalia bellirica, Terminalia calamansanai, Talisai (Sabah)/Jelawai/ Jaha (Peninsular)/Kedandi (Sarawak)
Terminalia catappa, Terminalia citrina, Terminalia
copelandii, Terminalia foetidissima, Terminalia
phellocarpa, Terminalia subspathulata
74. Tetramerista glabra Punah (Peninsular)/Kayu hujan (Sarawak)/Tuyot (Sabah)
75. Toona calantas, Toona ciliata, Toona sinensis, Toona Surian/Limpaga/Red cedar
sureni
76. Vatica albiramis, Vatica bella, Vatica cinerea, Vatica Resak
cuspida, Vatica dulitensis, Vatica flavida, Vatica
havilandii, Vatica heroptera, Vatica lowii, Vatica
maingayi, Vatica mangachapoi, Vatica maritima,
Vatica micrantha, Vatica nitens, vatica oblongifolia,
Vatica odorata, Vatica pauciflora, Vatica rassak, Vatica
sarawakensis, Vatica scortechinii, Vatica venulosa
Made 23 November 2009
[CR (8.09) 294/6/4-9 (SJ. 9) (2010); LHDN. 01/35/(S)/42/51/231-17.11;
PN(PU2)80/LVIII]
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]
STAMP DUTY (REMISSION) ORDER 2009
STAMP DUTY (REMISSION) ORDER 2009
IN exercise of the powers conferred by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister makes the following order:
Citation and commencement
1. (1) This order may be cited as the Stamp Duty (Remission) Order 2009.
(2) This Order is deemed to have come into operation on 15 September 2009.
Remission
2. The amount of duty which is chargeable under subsubitem 22(1)(b) of the First Schedule of the Act that is in excess of fifty ringgit is remitted relating to any instrument of service agreement executed between 15 September 2009 until 31 December 2010 which is subject to stamp duty that is in excess of fifty ringgit.
Made 3 November 2009
[Perb.CR(8.09)248/39/7-217 Jld. 7 (SK. 3); LHDN.01/32.3/42/68-180-2(2009);
PN(PU2)159/XXXV]
DATO’ SERI HAJI AHMAD HUSNI BIN MOHAMAD HANADZLAH
Second Minister of Finance
IN exercise of the powers conferred by subsection 80(2) of the Stamp Act 1949 [Act 378], the Minister makes the following order:
Citation and commencement
1. (1) This order may be cited as the Stamp Duty (Remission) Order 2009.
(2) This Order is deemed to have come into operation on 15 September 2009.
Remission
2. The amount of duty which is chargeable under subsubitem 22(1)(b) of the First Schedule of the Act that is in excess of fifty ringgit is remitted relating to any instrument of service agreement executed between 15 September 2009 until 31 December 2010 which is subject to stamp duty that is in excess of fifty ringgit.
Made 3 November 2009
[Perb.CR(8.09)248/39/7-217 Jld. 7 (SK. 3); LHDN.01/32.3/42/68-180-2(2009);
PN(PU2)159/XXXV]
DATO’ SERI HAJI AHMAD HUSNI BIN MOHAMAD HANADZLAH
Second Minister of Finance
Real Property Gains Tax (Exemption) Order 2009
Real Property Gains Tax (Exemption) Order 2009
In exercise of the powers conferred by subsection 9(3) of the Real Property Gains Tax Act 1976 [Act 169], the Minister makes the following order:
Citation and commencement
1. (1) This order may be cited as Real Property Gains Tax (Exemption) Order 2009.
(2) This Order comes into operation on 1 January 2010.
Exemption
2. (1) The Minister exempts any person from the application of Schedule 5 of the Act on the payment of tax on the chargeable gain in respect of any disposal of asset on or after 1 January 2010 subject to the condition that the amount of chargeable gain shall be determined in accordance with the following formula:
A/B x C
where
A is the amount of tax charged on the chargeable gain on the person at the appropriate tax rate reduced by the amount of tax charged on such chargeable gain at the rate of five per cent
B is the amount of tax charged on such chargeable gain at the appropriate tax rate
C is the amount of such chargeable gain
(2) Nothing in subparagraph (1) shall absolve or is deemed to have absolved the person from complying with any requirement to submit any return or to furnish other information under any provision of the Act.
Revocation
3. The Real Property Gains Tax (Exemption) (No. 2) Order 2007 [P.U. (A) 146/2007] published on 1 April 2007 is revoked .
Made 26 October 2009
[Perb. CR (8.09)294/6/4-9(SJ. 9) (2010); LHDN.01/35/(S)/42/51/231-17.11; PN(PU2)325/III]
Dato’ Seri Haji Ahmad Husni bin Mohamad Hanadzlah
Second Minister of Finance
[To be laid before the Dewan Rakyat pursuant to subsection 9(4) of the Real Property Gains Tax Act 1976]
In exercise of the powers conferred by subsection 9(3) of the Real Property Gains Tax Act 1976 [Act 169], the Minister makes the following order:
Citation and commencement
1. (1) This order may be cited as Real Property Gains Tax (Exemption) Order 2009.
(2) This Order comes into operation on 1 January 2010.
Exemption
2. (1) The Minister exempts any person from the application of Schedule 5 of the Act on the payment of tax on the chargeable gain in respect of any disposal of asset on or after 1 January 2010 subject to the condition that the amount of chargeable gain shall be determined in accordance with the following formula:
A/B x C
where
A is the amount of tax charged on the chargeable gain on the person at the appropriate tax rate reduced by the amount of tax charged on such chargeable gain at the rate of five per cent
B is the amount of tax charged on such chargeable gain at the appropriate tax rate
C is the amount of such chargeable gain
(2) Nothing in subparagraph (1) shall absolve or is deemed to have absolved the person from complying with any requirement to submit any return or to furnish other information under any provision of the Act.
Revocation
3. The Real Property Gains Tax (Exemption) (No. 2) Order 2007 [P.U. (A) 146/2007] published on 1 April 2007 is revoked .
Made 26 October 2009
[Perb. CR (8.09)294/6/4-9(SJ. 9) (2010); LHDN.01/35/(S)/42/51/231-17.11; PN(PU2)325/III]
Dato’ Seri Haji Ahmad Husni bin Mohamad Hanadzlah
Second Minister of Finance
[To be laid before the Dewan Rakyat pursuant to subsection 9(4) of the Real Property Gains Tax Act 1976]
Income Tax (Deduction on Expenditure for Establishment of an Islamic Stock Broking Business)(Amendment) Rules 2009
Income Tax (Deduction on Expenditure for Establishment of an Islamic Stock Broking Business)(Amendment) Rules 2009
In exercise of the powers conferred by paragraph 154(1)(b) of the Income Tax 1967 [Act 53], the Minister makes the following rules:
Citation and commencement
1. (1) These rules may be cited as the Income Tax (Deduction on Expenditure for Establishment of an Islamic Stock Broking Business) (Amendment) Rules 2009.
(2) These Rules come into operation on 1 January 2010.
Amendment of rule 4
2. Subrule 4(1) of the Income Tax (Deduction on Expenditure for Establishment of an Islamic Stock Broking Business) Rules 2007 [P.U. (A) 65/2007] is amended by substituting for the words “31 December 2009” the words “31 December 2015”.
Made 26 October 2009
[Perb.CR(8.09)294/6/4-9(SJ. 9) (2010); LH DN.01/35/(S)/42/51/231-17.11;
PN (PU2)80/LVII]
Dato’ Seri Haji Ahmad Husni bin Mohd Hanadzlah
Second Minister of Finance
[To be laid before the Dewan Rakyat pursuant to subsection 154(2) of the
Income Tax Act 1967]
In exercise of the powers conferred by paragraph 154(1)(b) of the Income Tax 1967 [Act 53], the Minister makes the following rules:
Citation and commencement
1. (1) These rules may be cited as the Income Tax (Deduction on Expenditure for Establishment of an Islamic Stock Broking Business) (Amendment) Rules 2009.
(2) These Rules come into operation on 1 January 2010.
Amendment of rule 4
2. Subrule 4(1) of the Income Tax (Deduction on Expenditure for Establishment of an Islamic Stock Broking Business) Rules 2007 [P.U. (A) 65/2007] is amended by substituting for the words “31 December 2009” the words “31 December 2015”.
Made 26 October 2009
[Perb.CR(8.09)294/6/4-9(SJ. 9) (2010); LH DN.01/35/(S)/42/51/231-17.11;
PN (PU2)80/LVII]
Dato’ Seri Haji Ahmad Husni bin Mohd Hanadzlah
Second Minister of Finance
[To be laid before the Dewan Rakyat pursuant to subsection 154(2) of the
Income Tax Act 1967]
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]
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]
INCOME TAX (REQUEST FOR INFORMATION) RULES 2009
INCOME TAX (REQUEST FOR INFORMATION) RULES 2009
IN exercise of the powers conferred by subsection 132(2) and paragraph 154(1)(c) 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 (Request for Information) Rules 2009.
(2) These Rules come into force on 26 August 2009.
Interpretation
2. In these Rules—
“bank” means—
(a) a bank, finance company, or a banking and finance company licensed or deemed to be licensed under the Banking and Financial Institutions Act 1989 [Act 372];
(b) an Islamic bank licensed or deemed to be licensed under the Islamic Banking Act 1983 [Act 276]; and
(c) a prescribed institution under the Development Financial Institutions Act 2002 [Act 618];
“information” means an information required to be disclosed pursuant to the article on exchange of information of a double taxation arrangement;
“double taxation arrangement” means an arrangement as declared under section 132 of the Act;
“competent authority” means the duly authorized servant or agent of a government of any territory outside Malaysia with which the Government of Malaysia has entered into a double taxation arrangement.
Request for information
3. (1) Subject to these Rules, a competent authority may request from the Director General for information of a person to whom the double taxation arrangement entered into by the government of such competent authority with the Government of Malaysia relates.
(2) The Director General may refuse the request under subrule (1) if the information requested is in relation to a person who is not related to the double taxation arrangement.
(3) The competent authority shall state in the request made under subrule (1) the following particulars:
(a) the name and designation of the competent authority;
(b) the purpose of the request;
(c) the name and identification or reference number of the person in relation to whom the information is requested for; and
(d) the details of the information requested.
(4) The Director General may require any other information from the competent authority which the Director General deems necessary.
(5) Upon receipt of the request under subrule (1), the Director General may by notice under section 81 of the Act, require the person referred to in the request to provide the information as requested by the competent authority within the time specified in the notice.
(6) Any person to whom a notice is issued under subrule (5) who, without any reasonable excuse, fails to comply with such notice commits an offence under section 120 of the Act.
Request for information from a bank
4. (1) The requirement under this rule shall be subject to the following provisions:
(a) paragraph 99(1)(i) of the Banking and Financial Institutions Act 1989;
(b) subsection 34(3) of the Islamic Banking Act 1983; and
(c) paragraph 120(k) of the Development Financial Institutions Act 2002.
(2) Where a competent authority fails to obtain any information of any person under rule 3, the competent authority may make a request for the information from the bank which has the information of such person through the Director General.
(3) Where the competent authority makes a request under subrule (2), the competent authority shall in addition to the particulars referred to in subrule 3(3), state other particulars which include the bank account number, type of bank account, and the name and address of the bank in which the account of the person whose information is required, is maintained.
(4) Upon receipt of the request under subrule (2), the Director General may by notice under section 81 of the Act require a bank which has the information of such person to provide the information as requested by the competent authority.
(5) Any bank which has the information of a person to whom the double taxation arrangement entered into by the government of such competent authority with the Government of Malaysia relates, and to which a notice issued under subrule (4), which, without any reasonable excuse, fails to comply with such notice commits an offence under section 120 of the Act.
Made 25 August 2009
[Perb.0.6869/47 Jld. 8(Sk. 3); LHDN.01/12.5/(S)/42/51/231; PN(PU2)80/LVII]
DATO’ SERI HAJI AHMAD HUSNI BIN MOHD HANADZLAH
Second Minister of Finance
[To be laid before the Dewan Rakyat pursuant to subsection 154(2) of the Income Tax Act 1967]
IN exercise of the powers conferred by subsection 132(2) and paragraph 154(1)(c) 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 (Request for Information) Rules 2009.
(2) These Rules come into force on 26 August 2009.
Interpretation
2. In these Rules—
“bank” means—
(a) a bank, finance company, or a banking and finance company licensed or deemed to be licensed under the Banking and Financial Institutions Act 1989 [Act 372];
(b) an Islamic bank licensed or deemed to be licensed under the Islamic Banking Act 1983 [Act 276]; and
(c) a prescribed institution under the Development Financial Institutions Act 2002 [Act 618];
“information” means an information required to be disclosed pursuant to the article on exchange of information of a double taxation arrangement;
“double taxation arrangement” means an arrangement as declared under section 132 of the Act;
“competent authority” means the duly authorized servant or agent of a government of any territory outside Malaysia with which the Government of Malaysia has entered into a double taxation arrangement.
Request for information
3. (1) Subject to these Rules, a competent authority may request from the Director General for information of a person to whom the double taxation arrangement entered into by the government of such competent authority with the Government of Malaysia relates.
(2) The Director General may refuse the request under subrule (1) if the information requested is in relation to a person who is not related to the double taxation arrangement.
(3) The competent authority shall state in the request made under subrule (1) the following particulars:
(a) the name and designation of the competent authority;
(b) the purpose of the request;
(c) the name and identification or reference number of the person in relation to whom the information is requested for; and
(d) the details of the information requested.
(4) The Director General may require any other information from the competent authority which the Director General deems necessary.
(5) Upon receipt of the request under subrule (1), the Director General may by notice under section 81 of the Act, require the person referred to in the request to provide the information as requested by the competent authority within the time specified in the notice.
(6) Any person to whom a notice is issued under subrule (5) who, without any reasonable excuse, fails to comply with such notice commits an offence under section 120 of the Act.
Request for information from a bank
4. (1) The requirement under this rule shall be subject to the following provisions:
(a) paragraph 99(1)(i) of the Banking and Financial Institutions Act 1989;
(b) subsection 34(3) of the Islamic Banking Act 1983; and
(c) paragraph 120(k) of the Development Financial Institutions Act 2002.
(2) Where a competent authority fails to obtain any information of any person under rule 3, the competent authority may make a request for the information from the bank which has the information of such person through the Director General.
(3) Where the competent authority makes a request under subrule (2), the competent authority shall in addition to the particulars referred to in subrule 3(3), state other particulars which include the bank account number, type of bank account, and the name and address of the bank in which the account of the person whose information is required, is maintained.
(4) Upon receipt of the request under subrule (2), the Director General may by notice under section 81 of the Act require a bank which has the information of such person to provide the information as requested by the competent authority.
(5) Any bank which has the information of a person to whom the double taxation arrangement entered into by the government of such competent authority with the Government of Malaysia relates, and to which a notice issued under subrule (4), which, without any reasonable excuse, fails to comply with such notice commits an offence under section 120 of the Act.
Made 25 August 2009
[Perb.0.6869/47 Jld. 8(Sk. 3); LHDN.01/12.5/(S)/42/51/231; PN(PU2)80/LVII]
DATO’ SERI HAJI AHMAD HUSNI BIN MOHD HANADZLAH
Second 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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