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reinvestment "reinvestment" means- (i) in relation to manufacturing activity, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(i) and subsection 29(8) for the purposes of expansion, modernisation, or automation of production facilities of the same promoted activity or promoted product; (ii) in relation to hotel business, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(iii) and subsection 29(8) for the purposes of expansion, modernisation or renovation of the same hotel business; (iii) in relation to tourist project, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(iv) and subsection 29(8) for the purposes of expansion or modernisation of the same tourist project; (iv) in relation to research and development activity or services, capital expenditure incurred in Malaysia as prescribed under subsections 29D(6) and (7), 29E(6) and (7), and 29F(6) and (7) for the purposes of expansion or modernization for the same promoted activity; and (v) in relation to manufacturing related services, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(v) and subsection 29(8) for the purposes of expansion or modernisation for the same promoted activity.
ACT 327 - PROMOTION OF INVESTMENTS ACT 1986
2. Interpretation. |
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reinvestment ' "reinvestment" means- (i) in relation to manufacturing activity, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(i) and subsection 29(8) for the purposes of expansion, modernisation, or automation of production facilities of the same promoted activity or promoted product; (ii) in relation to hotel business, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(iii) and subsection 29(8) for the purposes of expansion, modernisation or renovation of the same hotel business; (iii) in relation to tourist project, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(iv) and subsection 29(8) for the purposes of expansion or modernisation of the same tourist project; (iv) in relation to research and development activity or services, capital expenditure incurred in Malaysia as prescribed under subsections 29D(6) and (7), 29E(6) and (7), and 29F(6) and (7) for the purposes of expansion or modernization for the same promoted activity; and (v) in relation to manufacturing related services, capital expenditure incurred in Malaysia as prescribed under paragraph 29(7)(v) and subsection 29(8) for the purposes of expansion or modernisation for the same promoted activity.'.
ACT A1318 - PROMOTION OF INVESTMENTS (AMENDMENT) ACT 2007
2. Amendment of section 2. |
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See Also: Translator EN-BM |