Malaysia legislation
Section 57
Section 57
section 13 of the principal Act is amended by inserting after subsection (5) the following subsections:
“(6) A person who disposes of a chargeable asset and is required to make a return under this section may furnish to the Director general together with the return a notification in the prescribed form that such disposal is not subject to tax or exempt from the payment of tax under this Act.
36
Act 755
(7)
for the purpose of section 21b, the notification referred to in subsection (6) shall be served to the acquirer within sixty days from the date of the disposal.”.
amendment of section 14