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local investors "local investors" means:- (a) individuals who are citizen of Malaysia and resident in Malaysia; (b) companies where the entire issued share capital is beneficially owned, directly or indirectly by any person who are citizen of Malaysia and resident in Malaysia; and (c) trust funds where the entire interest in the fund is beneficially held, directly or indirectly by any person who are citizen of Malaysia and resident in Malaysia and where:- (i) the fund is created in Malaysia; and (ii) the trustees of the fund are citizen of Malaysia and resident in
PU(A) 255/2008 - INCOME TAX (EXEMPTION) (NO 6) ORDER 2008
2. Interpretation |
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local investors "local investors" are individuals, companies or trust funds that are not foreign investors.
ACT 53 - INCOME TAX ACT 1967
60G. Foreign fund management company. |