Malaysia legislation
Section 20
Section 20
Section 111 of the principal Act is amended by inserting after subsection (1) the following subsections:
“(1A) Where a company has furnished a return in accordance with subsection 77(1A) to the Director General for a year of assessment and that company has paid tax in excess of the amount payable—
(a)
that return shall be deemed to be a notification under subsection (1); and
(b)
that company is deemed to have been notified of the excess amount on the day that return is furnished.
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(1B)
Where subsection (1A) applies—
(a)
the reference to tax shall be taken to be a reference to an amount of tax set-off under section 110;
and
(b)
the reference to amount payable shall be taken to be a reference to the amount of tax payable before taking into account the tax set-off under section 110.”.
Deletion of section 128