Income Tax Act 1967
The Income Tax Act 1967, is a Malaysian law establishing the imposition of income tax.
Structure
The Income Tax Act 1967, in its current form, consists of 10 Parts containing 156 sections and 9 schedules.- Part I: Preliminary
- Part II: Imposition and General Characteristics of the Tax
- Part III: Ascertainment of Chargeable Income
- * Chapter 1: Preliminary
- * Chapter 2: Basis years and basis periods
- * Chapter 3: Gross income
- * Chapter 4: Adjusted income and adjusted loss
- * Chapter 5: Statutory income
- * Chapter 6: Aggregate income and total income
- * Chapter 7: Chargeable income
- * Chapter 8: Special cases
- Part IV: Persons Chargeable
- Part V: Returns
- Part VI: Assessments and Appeals
- * Chapter 1: Assessments
- * Chapter 2: Appeals
- Part VII: Collection and Recovery of Tax
- Part VIIA: Fund for Tax Refund
- Part VIII: Offences and Penalties
- Part IX: Exemptions, Remission and Other Relief
- Part IXA: Special Incentive Relief
- Part X: Supplemental
- * Chapter 1: Administration
- * Chapter 2: Controlled companies and powers to protect the revenue in case of certain transactions
- * Chapter 3: Miscellaneous
- Schedules