Income Tax Act 1967

Updated on Nov 19, 2023

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Citation Act 53 Enacted by Dewan Rakyat Date effective 28 September 1967		Territorial extent Throughout Malaysia Enacted by Dewan Negara

Date enacted 1967 (Act No. 47 of 1967) Revised: 1971 (Act 53 w.e.f. 21 October 1971)

The Income Tax Act 1967 (Malay: Akta Cukai Pendapatan 1967), is a Malaysian laws which enacted for 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

Income Tax Act 1967 Wikipedia

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