Malaysia legislation
Section 21
Section 21
Special provision relating to section 7
Notwithstanding subsection 7(4) of the principal Act, any amount of allowable losses for the year of assessment 2025
and the preceding years of assessment which has not been deducted pursuant to subsection 7(4) of the principal Act for
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Finance the year of assessment 2025 may be taken into account for the purposes of deduction under paragraph 7(4)(b) of the principal
Act for the year of assessment 2026 and subsequent years of assessment until the year of assessment 2035 and any amount which has not been deducted pursuant to paragraph 7(4)(b) of the principal Act after the end of the year of assessment 2035 shall be disregarded for the purposes of the principal Act.