Malaysia legislation
Section 31
Section 31
Where in the basis period for the year of assessment 2016
or any subsequent basis period—
(a)
the tax charged on the chargeable income of a company for the year of assessment 2000 on a current year basis and prior year of assessment is discharged or remitted; or
(b)
any amount of tax paid by that company which has been taken into account for the purpose of computing the 108
balance is refunded, the 108 balance of the company, shall on the day the tax is discharged, remitted or refunded, be reduced by such amount of tax discharged, remitted or refunded.
Amount in excess of 108 balance