Professional Documents
Culture Documents
2) 1
http://perjanjian.org
LAWS OF MALAYSIA
REPRINT
Act 274
PUBLISHED BY
THE COMMISSIONER OF LAW REVISION, MALAYSIA
UNDER THE AUTHORITY OF THE REVISION OF LAWS ACT 1968
IN COLLABORATION WITH
PERCETAKAN NASIONAL MALAYSIA BHD
2006
PREVIOUS REPRINT
Act 274
ARRANGEMENT OF SECTIONS
C HAPTER I
PRELIMINARY
Section
1. Short title and commencement
2. Amendment of Acts and Ordinances
CHAPTER II
Section
17. Commencement of amendments to the Petroleum (Income Tax) Act
1967
18. Amendment of section 18
19. Amendment of section 65 A
CHAPTER IV
CHAPTER V
CHAPTER VI
33. Adam
Commencement of amendments to the Haida
Stamp & Co(Sarawak)
Ordinance
http://peguam.org
Finance (No. 2) 5
http://perjanjian.org
Section
34. New sections 3A and 3B
35. Amendment of First Schedule
36. Amendment of Second Schedule
CHAPTER VII
Act 274
An Act to amend the Income Tax Act 1967 [Act 53], the *Petroleum
(Income Tax) Act 1967 [Act 45 of 1967], the **Stamp Ordinance
1949 [Ord. No. 59 of 1949], the Stamp Ordinance (Sabah) [Cap.
137], the Stamp Ordinance (Sarawak) [Cap. 32] and the Sales Tax
Act 1972 [Act 64] and to provide for matters connected therewith.
[ ]
C HAPTER I
PRELIMINARY
1. This Act may be cited as the Finance (No. 2) Act 1982 and
shall have effect or be deemed to have effect as provided in this
Act.
2. The Income Tax Act 1967, the Petroleum (Income Tax) Act
1967, the **Stamp Ordinance 1949, the Stamp Ordinance (Sabah),
the Stamp Ordinance (Sarawak) and the Sales Tax Act 1972 are
amended respectively in the manner specified in Chapters II, III,
IV, V, VI and VII respectively.
*NOTE—The Petroleum (Income Tax) Act 1967 [Act 45 of 1967] has been revised to become the
Petroleum (Income Tax) Act 1967 [Act 543]
**The Stamp Ordinance 1949 [Ord. No. 59 of Adam
1949] hasHaida & Co
been revised to become the Stamp Act
1949 [Act 378].
http://peguam.org
8 Laws of Malaysia ACT 274
http://perjanjian.org
CHAPTER II
Amendment of section 34
Amendment of section 35
Amendment of section 39
Amendment of section 67
and (whether or not that tax is so deducted) shall within one month
after paying or crediting such contract payment render an account
and pay the amount of that tax to the Director General:
(2) Where the payer fails to pay any amount due from him
under subsection (1), the amount which he fails to pay shall be a
debt due from him to the Government and shall be payable forthwith
to the Director General. Adam Haida & Co
http://peguam.org
Finance (No. 2) 11
http://perjanjian.org
(3) Where in pursuance of this section any amount is paid to
the Director General by the payer or recovered by the Director
General from the payer—
(a) the Director General shall apply the amount paid or
recovered under paragraph (1)(a) towards payment of the
tax payable for any year of assessment by the non-resident
contractor to whom the payer was liable to pay the contract
payment to which that amount relates;
(b) the Director General shall refund the amount paid or
recovered under paragraph (1)(b) to the non-resident
contractor to whom the payer was liable to pay the contract
payment to which that amount relates as and when the
Director General deems appropriate; and
(c) if the payer has not deducted any amount in paying the
contract payment with respect to which the amount relates,
he may recover the amount from the non-resident contractor
as a debt due to the payer.
Amendment of Schedule 3
Amendment of Schedule 7 A
CHAPTER III
Amendment of section 18
CHAPTER IV
Amendment of section 16
(aa) by substituting for the words “20 sen for every RM100
or for every fractional part of RM100 of the amount or
value of the money for which the note is made” in
Adam“RM1.00”;
sub-item 60(b) the amount Haida & Co
http://peguam.org
20 Laws of Malaysia ACT 274
http://perjanjian.org
(bb) in item 65:
(i) by inserting the words “same duty as charge itself
but subject to a maximum of RM10.00.” under the
heading of ‘Proper Stamp Duty’; and
(ii) by deleting the whole of sub-items (a), (b) and (c);
CHAPTER V
New section 5A
Amendment of section 16
(c) in item 4:
(i) by substituting for the amount “RM1.00” the amount
“RM3.00”; and
(ii) by substituting for the amount “RM50” wherever
it appears the amount Adam Haida & Co
“RM300”;
http://peguam.org
Finance (No. 2) 23
http://perjanjian.org
(d) by inserting immediately after the words “See
Conveyance on Sale” in item 5 the words “and sections
19 and 22”;
(e) by substituting for the amount “RM5.00” in item 6 the
amount “RM10.00”;
(f) by substituting for the words “The same as a deed” in
item 10 the amount “RM100.00”;
(g) by substituting for the amount “25 sen” in item 17 the
amount “RM1.00”;
(h) by substituting for the amount “RM5.00” in item 18 the
amount “RM1.00”;
(i) (i) by substituting for the amount “RM5.00” in
sub sub-item 22(2)(a) the amount “RM10.00”;
(ii) by deleting the words “For every RM100 and also
for any fractional part of RM100 of the annuity” in
sub-item 22(3); and
(iii) by substituting for the amount “25 sen” in sub-item
22(3) the amount “RM10.00”;
(aa) by substituting for the words “20 sen for every RM100
or for every fractional part of RM100 of the amount or
value of the money for which the note is made” in
sub-item 60(b) the amount “RM1.00”;
(bb) in item 65:
(i) by inserting the words “same duty as charge itself
but subject to a maximum of RM10.00.” under the
heading of ‘Proper Stamp Duty’ and
(ii) by deleting the whole of sub-items (a), (b) and (c);
CHAPTER VI
(c) in item 4:
(i) by substituting for the amount “RM1.00” the amount
“RM3.00”; and
(ii) by substituting for the amount “RM50” wherever
it appears the amount “RM300”;
(bb) by substituting for the words “20 sen for every RM100
or for every fractional part of RM100 of the amount or
value of the money for which the note is made” in
Adam Haida & Co
sub-item 60(b) the amount “RM1.00”;
http://peguam.org
Finance (No. 2) 35
http://perjanjian.org
(cc) in item 65:
(i) by inserting the words “same duty as charge itself
but subject to a maximum of RM10.00” under the
heading of ‘Proper Stamp Duty’; and
(ii) by deleting the whole of sub-items (a), (b) and (c);
Amendment of section 31
38. Section 31 of the Sales Tax Act 1972, which in this Chapter
is referred to as “the principal Act”, is amended by deleting the
words “who has been exempted from the provisions of subsection
13(1)”.
Act 274
LIST OF AMENDMENTS
Act 274
DICETAK OLEH
PERCETAKAN NASIONAL MALAYSIA BERHAD,
http://peguam.org
Finance (No. 2) 39
http://perjanjian.org