Malaysia legislation
Section 63B
Seksyen 63B
(a)
the amount of deduction to be made shall not be less than ten per cent of the total permitted expenses incurred for that basis period; and
(b)
where, by reason of an absence or insufficiency of aggregate income for that year of assessment, effect cannot be given or cannot be given in full to any deduction falling to be made to the unit trust under this section for that year that deduction which has not been so made shall not be made to the unit trust for any subsequent year of assessment.
(2)
For the purposes of this section—
"permitted expenses" means expenses incurred by the unit trust in respect of—
(a)
manager's remuneration;
(b)
maintenance of register of unit holders;
(c)
share registration expenses;
(d)
secretarial, audit and accounting fees, telephone charges, printing and stationery costs and postage, which are not deductible under section 33 (1)."