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Tajuk : 127 . Exemptions from tax general.

Tarikh Kuatkuasa :
Tarikh Tamat
:
Kuatkuasa
Rujukan Perundangan\Akta Cukai Pendapatan 1967 - Seksyen\PART IX - EXEMPTIONS,
Kategori : REMISSION AND OTHER RELIEF\PART IX - EXEMPTIONS, REMISSION AND OTHER
RELIEF\

Rencana

Akta Cukai Pendapatan 1967

(Akta 53)
Pindaan Sehingga Akta A1349 Tahun 2009
Tarikh Keluaran :
Title : Income Tax Act
Part : PART IX - EXEMPTIONS, REMISSION AND OTHER
RELIEF
Chapter : PART IX - EXEMPTIONS, REMISSION AND OTHER
RELIEF
Section : 127 . Exemptions from tax general.

127. (1) Notwithstanding any other provision of this Exemptions

Act but subject to section 127A, any income specified from tax:
general.
in Part I of Schedule 6 shall, subject to this section, be [Am. Act
exempt from tax. 274;
Act 293;
History Act 337.]

Subsection 127(1) is amended by Act 608 of

2000 s18, by inserting after the word "Act" the
words " but subject to section 127A", with effect
from year of assessment 2001.

(2) The Dewan Rakyat may by resolution delete

any paragraph or item in Schedule 6 or add further
paragraphs or items thereto.

(3) The Minister may by statutory order-

(a) provide that the interest payable on any loan

charged on the Consolidated Fund or on a State
Consolidated Fund shall be exempt from tax,
either generally or in respect of interest payable
to persons of a particular class;

(b) exempt any person or class of persons from

all or any of the provisions of this Act, either
generally or in respect of any income of a
particular kind or any class of income of a
particular kind;
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History

Subsection 127(3)(b), the word "persons or" is

deleted by Act 644 of 2005 s25(a), deemed to
have come into operation on 1 October 2005.

(c) declare any part of the armed forces to be a

reserve force for the purposes of paragraph 9 of
Part I of Schedule 6 in addition to the forces
mentioned in that paragraph; or

(d) vary paragraph 18 of Part I of Schedule 6 by

adding other commodities to those mentioned in
that paragraph or deleting any of the
commodities so mentioned.

(3A) The Minister may, in any particular case

exempt any person from all or any of the provision of
this Act, either generally or in respect of any income of
a particular kind or any class of income of a particular
kind.

History

New subsection 127(3A) is introduced by Act 644 of

2005 s25(b), deemed to have come into operation on 1
October 2005.

(4) Any orders made under subsection (3) shall be

laid before the Dewan Rakyat.

(5) Any income which is exempt from tax by virtue

of this section shall be disregarded for the purposes of
this Act:

Provided that-

(a) this subsection shall not apply as respects

section 107A, 109 or 109B; and

(b) any tax deducted under section 107A, 109 or

109B from any such income shall be refunded
under section 111.

History

Subsection 127(5) is amended by Act 683 of

2007 s29 by deleting the word "108," wherever
appearing, has effect for the year of assessment
2008 and subsequent years of assessment.

(6) Nothing in this section shall be so construed as

to exempt in the hands of a recipient any income in
respect of dividend, interest, bonus, salary or wages
paid wholly or in part out of income exempt from tax by
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virtue of this section, unless that first-mentioned

income is itself so exempt.

9/22/2010