Malaysia legislation
Section 176
Section 176
Excess Profit
(2)
Notwithstanding subsection (1), for the purposes of
Domestic Top-up Tax, Excess Profits may be computed based on an Acceptable Financial Accounting Standard permitted by an Authorised Accounting Body or an Authorised Financial
Accounting Standard adjusted to prevent any Material
Competitive Distortions, rather than the financial accounting standard used in the Consolidated Financial Statements.
Jurisdictional Top-up Tax