1) According to PITA 1967, which of the followings is NOT chargeable person?

A. Malaysia Thailand Joint Authority (MTJA)

B. Petroleum Nasional Berhad (PETRONAS)
C. Any other person who is not carrying on petroleum operations under
agreement with PETRONAS or MTJA
D. D) Any other person carrying on petroleum operations under agreement
with PETRONAS or MTJA
2) Income derived from petroleum operations and any dividends paid by any company out
of its income are chargeable to income tax.
A. True
B. False
3) What is the tax rate that will be charge on petroleum operation?
A. 35%
B. 36%
C. 33%
D. 38%
4) Which of the following is not classified as gross income for petroleum operation?
A. Sale of natural gas and casing head petroleum spirit
B. Release of trade creditors
C. Compensation for loss of income from petroleum operations
D. All of above
5) Qualifying exploration expenditure (QEE) does not include any expenditure which is
qualifying expenditure under the First Schedule.
A. False
B. True
6) The amount of initial allowance shall be an amount equal to :
A. Secondary recovery = ten per cent
B. Primary exploration expenditure = twenty per cent
C. Secondary recovery = twelve per cent
D. Primary exploration expenditure = ten per cent