FINANCE ACT 1987

UNDANG-UNDANG MALAYSIA VERSI DALAM TALIAN TEKS CETAKAN SEMULA YANG KEMAS KINI Akta 337 AKTA KEWANGAN 1987 Sebagaimana pada 1 Ogos 2019 2 AKTA KEWANGAN 1987 Tarikh Perkenan Diraja … … … … 17 Disember 1987 Tarikh penyiaran dalam Warta … … … … 31 Disember 1987 3 UNDANG-UNDANG MALAYSIA Akta 337 AKTA KEWANGAN 1987 SUSUNAN SEKSYEN BAB I PERMULAAN Seksyen 1. Tajuk ringkas 2. Pindaan Akta BAB II PINDAAN KEPADA AKTA CUKAI PENDAPATAN 1967 3. Permulaan kuat kuasa pindaan kepada Akta Cukai Pendapatan 1967 4. Pindaan seksyen 2 5. Penggantian seksyen 3A 6. Pindaan seksyen 5 7. Pindaan seksyen 7 8. Pindaan seksyen 45 9. Pindaan seksyen 60 10. Pindaan seksyen 82 11. Pindaan seksyen 83 12. Pindaan seksyen 107 13. Seksyen baharu 107B 14. Pindaan seksyen 108 15. Pindaan seksyen 127 16. Pindaan Jadual 1 4 Undang-Undang Malaysia AKTA 337 BAB III PINDAAN KEPADA AKTA CUKAI KEUNTUNGAN HARTA TANAH 1976 Seksyen 17. Permulaan kuat kuasa pindaan kepada Akta Cukai Keuntungan Harta Tanah 1976 18. Pindaan seksyen 2 19. Pindaan Jadual 2 BAB IV PINDAAN KEPADA AKTA CUKAI PEMINDAHAN SYER (SYARIKAT BERASASKAN TANAH) 1984 20. Permulaan kuat kuasa pindaan kepada Akta Cukai Pemindahan Syer (Syarikat Berasaskan Tanah) 1984 21. Pindaan seksyen 4A BAB V PINDAAN KEPADA AKTA PETROLEUM (CUKAI PENDAPATAN) 1967 22. Permulaan kuat kuasa pindaan kepada Akta Petroleum (Cukai Pendapatan) 1967 23. Pindaan seksyen 2 BAB VI PINDAAN KEPADA AKTA CUKAI JUALAN 1972 24. Permulaan kuat kuasa pindaan kepada Akta Cukai Jualan 1972 25. Pindaan seksyen 13 26. Pindaan seksyen 14 5 UNDANG-UNDANG MALAYSIA Akta 337 AKTA KEWANGAN 1987 Suatu Akta untuk meminda Akta Cukai Pendapatan 1967, Akta Cukai Keuntungan Harta Tanah 1976, Akta Cukai Pemindahan Syer (Syarikat Berasaskan Tanah) 1984, Akta Petroleum (Cukai Pendapatan) 1967 dan Akta Cukai Jualan 1972. [ ] MAKA INILAH DIPERBUAT UNDANG-UNDANG oleh Seri Paduka Baginda Yang di-Pertuan Agong dengan nasihat dan persetujuan Dewan Negara dan Dewan Rakyat yang bersidang dalam Parlimen, dan dengan kuasa daripadanya, seperti yang berikut: BAB I PERMULAAN Tajuk ringkas 1. Akta ini bolehlah dinamakan Akta Kewangan 1987. Pindaan Akta 2. Akta Cukai Pendapatan 1967 [Akta 53], Akta Cukai Keuntungan Harta Tanah 1976 [Akta 169], *Akta Cukai Pemindahan Syer (Syarikat Berasaskan Tanah) 1984 [Akta 310], Akta Petroleum (Cukai * CATATAN—Akta Cukai Permindahan Syer (Syarikat Berasaskan Tanah) 1984 [Akta 310] telah dimansuhkan oleh Akta Kewangan 1988 [Akta 364]-lihat seksyen 26 Akta 364. 6 Undang-Undang Malaysia AKTA 337 Pendapatan) 1967 [Akta 543] dan *Akta Cukai Jualan 1972 [Akta 64] dipinda mengikut cara yang dinyatakan masing-masing dalam Bab II, III, IV, V dan VI. BAB II PINDAAN KEPADA AKTA CUKAI PENDAPATAN 1967 Permulaan kuat kuasa pindaan kepada Akta Cukai Pendapatan 1967 3. (1) Kecuali bagi seksyen 10 dan 13, Bab ini hendaklah berkuat kuasa bagi tahun taksiran 1988 dan tahun-tahun taksiran yang berikutnya. (2) Seksyen 10 hendaklah disifatkan telah mula berkuat kuasa pada 24 Oktober 1986. (3) Seksyen 13 hendaklah mula berkuat kuasa pada 1 Januari 1989. Pindaan seksyen 2 4. Seksyen 2 Akta Cukai Pendapatan 1967, yang disebut “Akta ibu” dalam Bab ini, dipinda dengan menggantikan takrif bagi “Malaysia” dalam subseksyen (1) dengan yang berikut: ‘ “Malaysia” means the territories of the Federation of Malaysia, the territorial waters of Malaysia and the sea-bed and subsoil of the territorial waters, and includes any area extending beyond the limits of the territorial waters of Malaysia, and the sea-bed and subsoil of any such area, which has been or may hereafter be designated under the laws of Malaysia as an area over * CATATAN—Akta Cukai Jualan 1972 [Akta 64] telah dimansuhkan oleh Akta Cukai Barang dan Perkhidmatan 2014 [Akta 762] dan kemudiannya dimansuhkan oleh Akta Cukai Barang dan Perkhidmatan (Pemansuhan) 2018 [Akta 805]–lihat seksyen 3 Akta 805. Kewangan 7 which Malaysia has sovereign rights for the purposes of exploring and exploiting the natural resources, whether living or non-living;’. Penggantian seksyen 3A 5. Akta ibu dipinda dengan menggantikan seksyen 3A dengan yang berikut: “Charge of excess profit tax 3A. Subject to and in accordance with this Act, in addition to the income tax chargeable, there shall be charged for each year of assessment in respect of the income of any person other than a company accruing in or derived from Malaysia or received in Malaysia from outside Malaysia a tax to be known as excess profit tax upon his chargeable income which exceeds three hundred thousand ringgit: Provided that this section shall not apply to the income of a person under section 4A.”. Pindaan seksyen 5 6. Seksyen 5 Akta ibu dipinda dengan memotong subseksyen (3) dan (4). Pindaan seksyen 7 7. Seksyen 7 Akta ibu dipinda dengan menggantikan perkataan “that period forms part of a period of more than one hundred and eighty-two consecutive days” dalam perenggan (1)(b) dengan perkataan “that period is linked by or to another period of one hundred and eighty-two or more consecutive days”. 8 Undang-Undang Malaysia AKTA 337 Pindaan seksyen 45 8. Seksyen 45 Akta ibu dipinda— (a) dengan menggantikan perkataan “or any subsequent date (as may be permitted by the Director General) in the year of assessment” dalam subseksyen (4) dengan perkataan “in the year of assessment or any subsequent date (as may be permitted by the Director General)”; dan (b) dengan menggantikan perkataan “paragraph 3A(b)” dalam subseksyen (6) dengan perkataan “section 3A”. Pindaan seksyen 60 9. Seksyen 60 Akta ibu dipinda— (a) dengan memotong perkataan subperenggan (3)(b)(ii); “and” di hujung (b) dengan menggantikan noktah di hujung subperenggan (3)(b)(iii) dengan koma bertitik dan memasukkan sebaik selepas koma bertitik itu perkataan “and”; (c) dengan memasukkan sebaik selepas subperenggan (3)(b)(iii) subperenggan baharu (iv) yang berikut: “(iv) an amount equivalent to two per cent of the balance of revenue account as at the last day of the basis period for that year of assessment, but not exceeding the total commissions paid in that period in connection with that business: Provided that no deduction under this subparagraph shall be made for any year of assessment for which a deduction is made in respect of commissions paid in connection with that business pursuant to subparagraph (iii).”; Kewangan (d) dengan memotong perkataan subperenggan (4)(b)(ii); 9 “and” di hujung (e) dengan menggantikan noktah di hujung subperenggan (4)(b)(iii) dengan koma bertitik dan memasukkan sebaik selepas koma bertitik itu perkataan “and”; (f) dengan memasukkan sebaik selepas subperenggan (4)(b) (iii) subperenggan baharu (iv) yang berikut: “(iv) an amount equivalent to two per cent of the balance of revenue account as at the last day of the basis period for that year of assessment, but not exceeding the total commissions paid in that period in connection with that business: Provided that no deduction under this subparagraph shall be made for any year of assessment for which a deduction is made in respect of commissions paid in connection with that business pursuant to subparagraph (iii).”; dan (g) dengan memasukkan sebaik selepas takrif bagi “offshore insurance policies” dalam subseksyen (11) takrif baharu bagi “revenue account” yang berikut: ‘ “revenue account” means the revenue account lodged in respect of life business under paragraph 1(2)(a) of the Fourth Schedule to the *Insurance Act 1963 [Act 89].’. Pindaan seksyen 82 10. Seksyen 82 Akta ibu dipinda dengan menggantikan perkataan “paragraph 15 of Schedule 5” dalam subseksyen (5) dengan perkataan “subsection 153(3)”. *CATATAN—Akta ini telah dimansuhkan oleh Akta Insurans 1996 [Akta 553] dan kemudiannya dimansuhkan oleh Akta Perkhidmatan Kewangan 2013 [Akta 758]-lihat seksyen 271 Akta 758. 10 Undang-Undang Malaysia AKTA 337 Pindaan seksyen 83 11. Seksyen 83 Akta ibu dipinda— (a) dengan menggantikan perkataan “thirty” subseksyen (5) dengan perkataan “ninety”; dan dalam (b) dengan menggantikan noktah di hujung subseksyen (5) dengan koma dan memasukkan sebaik selepas koma itu perkataan “and if at any time the Director General directs him to pay the full amount or a portion of those moneys towards payment of the tax payable by the employee, he shall pay as directed.”. Pindaan seksyen 107 12. Seksyen 107 Akta ibu dipinda dengan menggantikan perkataan “which by reason of his failure cannot be recovered” dalam subseksyen (4) dengan perkataan “due”. Seksyen baharu 107B 13. Akta ibu dipinda dengan memasukkan sebaik selepas seksyen 107A seksyen baharu 107B yang berikut: “Payment by instalments 107B. (1) Subject to this section, every person chargeable to tax for a year of assessment, other than an individual to whom section 107 applies, shall make payment by instalments on account of tax which is or may be payable by that person for that year of assessment, at such times and in such amounts as the Director General may direct, whether or not the tax has been assessed. (2) In determining the amount to be paid under subsection (1), the Director General may take into consideration the tax assessed, Kewangan 11 if any, in respect of the person for the year of assessment preceding that year of assessment: Provided that the Director General may, upon an application made by the person not later than the fifteenth day of April in that year of assessment, vary the amount to be paid by instalments on account of tax and the number of instalments. (3) Where any instalment amount due and payable on the date specified by the Director General pursuant to subsection (1) or (2) has not been paid within thirty days of the due date, the amount unpaid shall, without any further notice being served, be increased by a sum equal to ten per cent of the amount unpaid, and that sum shall be recoverable as if it were tax due and payable under this Act: Provided that, where the amount unpaid is subsequently paid, the Director General may treat it as having been paid on its due date. (4) In any case to which the proviso to subsection (2) applies, where the tax payable under an assessment for that year of assessment exceeds the total of the instalments payable and the difference is more than thirty per cent of the tax payable under the assessment, then, without any further notice being served, the amount of the difference which exceeds thirty per cent of the tax payable under the assessment shall be increased by a sum equal to ten per cent of that amount of the difference, and that sum shall be recoverable as if it were tax due and payable under this Act. (5) Nothing in this section shall prevent the collection of any tax from a person to whom this section applies in accordance with section 103 or the payment of that tax being enforced in accordance with section 106: Provided that in any such case for the purposes of section 103 the Director General shall determine the period within which that tax shall be payable.”. 12 Undang-Undang Malaysia AKTA 337 Akta memotong Pindaan seksyen 108 14. Seksyen 108 subseksyen (12). ibu dipinda dengan Pindaan seksyen 127 15. Seksyen 127 Akta ibu dipinda dengan subseksyen (1) dengan yang berikut: menggantikan “(1) Notwithstanding any other provision of this Act, any income specified in Part 1 of Schedule 6 shall, subject to this section, be exempt from tax.”. Pindaan Jadual 1 16. Jadual 1 kepada Akta ibu dipinda dengan menggantikan Bahagian III dengan yang berikut: “PART III Excess profit tax shall be charged for each year of assessment at the rate of … … 5 per cent” BAB III PINDAAN KEPADA AKTA CUKAI KEUNTUNGAN HARTA TANAH 1976 Permulaan kuat kuasa pindaan kepada Akta Cukai Keuntungan Harta Tanah 1976 17. (1) Perenggan 18(a) hendaklah disifatkan telah mula berkuat kuasa pada 24 Oktober 1986. Kewangan 13 (2) Perenggan 18(b) dan (c) dan seksyen 19 hendaklah mula berkuat kuasa pada 23 Oktober 1987. Pi