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qualifying capital expenditure "qualifying capital expenditure" means capital expenditure incurred by the company on an asset in Malaysia for the purpose of the approved business- (a) in relation to manufacturing or manufacturing-based research, any factory or building used for the activity of research and development, plant and machinery; (b) in relation to agriculture or agriculture-based research, the clearing and preparation of land, the planting of crops (first planting or planting of trial crops), the provision of irrigation or drainage system, the provision of plant and machinery, the purchase or construction of a building used for the activity of research and development, or the activity of agriculture (including those provided for the welfare or living accommodation of persons who are working in the farm), construction of access roads, bridge and any permanent structure improvement on land which formed as part of the land used for the business; (c) in relation to information and communication technology or information and communication technology-based research, any multimedia and peripheral equipment (software and hardware), plant and machinery, building and landscaping and greening of the surrounding premises of the building (only applicable to MSC status company); or (d) in relation to provision of services, any building, plant and machinery used for the activity of provision of services: Provided that such qualifying capital expenditure shall not include capital expenditure incurred on buildings used as living accommodation, plant and machinery which are provided wholly or partly for the use of a director or an individual who is a member of the management, administrative or clerical staff;
PU(A) 113/2006 - INCOME TAX (EXEMPTION) (NO. 12) ORDER 2006
2. Interpretation |
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qualifying capital expenditure "qualifying capital expenditure" means capital expenditure incurred by a qualifying company on an asset used in Malaysia solely for the purpose of qualifying project-
PU(A) 022/2012 - INCOME TAX (EXEMPTION) ORDER 2012
2. Interpretation |
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qualifying capital expenditure "qualifying capital expenditure" in relation to an asset is capital expenditure incurred on the provision of machinery or plant used for the purposes of deriving rent from the letting of real property, including - (a) expenditure incurred on the alteration of an existing building for the purpose of installing that machinery or plant and other expenditure incurred incidentally to the installation thereof provided that such expenditure does not exceed seventy-five per cent of the aggregate of itself and any other expenditure (being qualifying capital expenditure); and (b) expenditure incurred on preparing or levelling land in order to prepare a site for the installation of that machinery or plant provided that such expenditure does not exceed ten per cent of the aggregate of itself and any other expenditure (being qualifying capital expenditure);
ACT 53 - INCOME TAX ACT 1967
63A. Special deduction for qualifying capital expenditure. |