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Income Tax Act 1967

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Income Tax Act 1967
Parliament of Malaysia
  • An Act for the imposition of income tax.
CitationAct 53
Territorial extentThroughout Malaysia
Passed byDewan Rakyat
Passed24 August 1967
Enacted1967 (Act No. 47 of 1967)
Revised: 1971 (Act 53 w.e.f. 21 October 1971)
Enacted byDewan Negara
Effective28 September 1967
Legislative history
First chamber: Dewan Rakyat
Bill titleIncome Tax Bill 1967
Introduced byTan Siew Sin, Minister of Finance
First reading21 August 1967
Second reading24 August 1967
Third reading24 August 1967
Second chamber: Dewan Negara
Bill titleIncome Tax Bill 1967
Member(s) in chargeNg Kam Poh, Assistant Minister of Finance
First reading28 August 1967
Second reading29 August 1967
Third reading29 August 1967
Related legislation
Income Tax Ordinance 1956 of Sabah [29 of 1956]
Inland Revenue Ordinance 1960 of Sarawak [13 of 1960]
Income Tax Ordinance 1947 [M.U. 48 of 1947]
Housing Trust Ordinance 1950 [F.M. 62 of 1950]
Petaling Jaya Ordinance 1954 [F.M. 36 of 1954]
Land Development Ordinance 1956 [F.M. 20 of 1956]
Central Bank of Malaysia Ordinance 1958 [F.M. 61 of 1958]
Racing (Totalizator Board) Act 1961 [F.M. 10 of 1961]
Sarawak Electricity Supply Corporation 1962 [F.M. 25 of 1962]
Keywords
Income tax
Status: In force

The Income Tax Act 1967 (Malay: Akta Cukai Pendapatan 1967), is a Malaysian law establishing the imposition of income tax.

Structure

The Income Tax Act 1967, in its current form (1 January 2006), consists of 10 Parts containing 156 sections and 9 schedules (including 77 amendments).

  • 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

References

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