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8orneo "ousing Mortgage )inance 8hd.& Malaysia 8uilding ociety 8hd.& or a ban9 or finance company licensed under 86)$61545.viii. ?ains or profits which accrues on deposits of up to RM100&000 in respect of money deposited in any savings account under

the interest7)ree 8an9ing cheme -$)8 with a ban9 or finance company licensed under 86)$6 1545 or the $slamic 8an9ing

6ct 1543& 8an9 >er=asama Ra9yat and 8an9 impanan :asional.

ix. ?ains or profits which accrues in respects of money deposited in any investment account of up to RM100&000 for a period not

exceeding twelve months with a ban9 or finance company licensed under 86)$6 1545 or the $slamic 8an9ing 6ct 1543& 8an9

>er=asama Ra9yat and 8an9 impanan :asional.x. ?ains or profits which accrues in respect of money deposited in any investment account for a period of twelve month of more

under the interest )ree 8an9ing cheme with a ban9 or finance company licensed under 86)$6 1545 or the $slamic 8an9ing 6ct

1543.

xi. ?ains or profits which accrues in respect of money deposits in any investment account under the interest )ree 8an9ing

cheme of up to RM100&000 for a period of twelve months or more with 8an9 >er=asama Ra9yat and 8an9 impanan :asional.

xii. $nterest from securities or bonds issued or guaranteed by the Malaysian ?overnment.xiii. $nterest from debenture -other than convertible loan stoc9 approved by the ecurities (ommission.

xiv. $nterest earned from 8on impanan Malaysia issued by the 8an9 :egara Malaysia.

xv. $nterest earned from the Merde9a 8onds issued by the 8an9 :egara Malaysia -effective year of assessment 200'.

xvi. $nterest earned from a unit trust which is derived from Malaysia and paid or credited by any ban9 or financial institution

licensed under the 8an9ing and )inancial $nstitution 6ct 1545 -86)$6 1545 or the $slamic 8an9ing 6ct 1543.

10. ividends

he following dividends are exempt form tax!

i. ividends received from exempt accounts of companies.

ii. ividends received from cooperative societies.

iii. ividends received from a unit trust approved by the Minister of )inance such as 6manah aham 8umiputra.

iv. ividends received from a unit trust approved by the Minister of )inance where 50@ or more of the investment is ingovernment securities.

11. Royalties

6n individual resident in Malaysia is exempt from tax in respect of royalties are as follows!ypes of ervicesA 6mount per annum

art wor9s payment for to be exempted -RMi. 6rtistic wor9 -other than original paintings ,&000

ii. Recording discs or tapes ,&000

iii. ranslation upon reBuest by any agency

a. of the Ministry of +ducation or 6ttomey

 b. ?eneral (hambers 12&000iv. Literary wor9 or original painting 20&000

v. Musical composition 20&000

vi. (ultural performances 6pproval by Minister 

"owever& the exemption does not apply to paragraph -iii& -v and -vi& if the payment received forms part of his emoluments in

the exercise of the individualCs official duties.

12. $ncome Remitted from *utside Malaysiaith effect from the year of assessment 200'& income derived from outside Malaysia and received in Malaysia by resident

individual is exempted from tax.

13. )ees or "onorarium for +xpert ervices

ith effect from the year of assessment 200'& fees or honorarium received by an individual in respect of services provided for purposes of validation& moderation or accreditation of franchised education programmes in higher educational institutions is

exempted. he services provided by an individual concerned have to be verified and ac9nowledged by the Lembaga 69reditasi

 :egara -L6:. "owever& the exemption does not apply if the payment received forms part of his emoluments in the exercise of

his official duties.

1'. $ncome erived from Research )indingsith effect from the year of assessment 200'& income received by an individual from the commercialiDation of the scientific

research finding is given tax exemption of %0@ on the statutory income in the basis year for a year of assessment for % years

from the date the payment is made. he individual scientist who received the said payment must be a citiDen and a resident inMalaysia. he commercialiDed research findings must be verified by the Ministry of cience& echnology and +nvironment.

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316246194.doc