Section 12A
Fund for Tax Refund
of Labuan Business Activity Tax Act 1990
ActIn forceProvision 23 of 63
Section 12A
(1)
There shall be paid from time to time into the Fund for Tax
Refund established under section 111B of the Income Tax Act 1967
such amount of tax collected under this Act as may be authorized by the Minister.
(2)
The moneys of the Fund referred to in subsection (1) shall be applied for the making of a refund under section 12.
(3)
Section 14A of the Financial Procedure Act 1957 [Act 61] shall not apply to any refund made under section 12.