Malaysia legislation

Section 3

of WINDFALL PROFIT LEVY (AMENDMENT) ACT 2021

Section 3

“Remission of levy and penalty

The principal Act is amended by substituting for section 14

the following section:

Quoted provision

Section 14

(2)

A claim for refund under subsection (1) shall be made to the Director General within one year from the date such overpayment or erroneous payment occurred or such entitlement of the refund occurred.

(3)

The Director General may reduce or disallow any refund in respect of the claim under subsection (1) to the extent that the refund would unjustly enrich the person referred to in subsection (1).”.

New section 14a

Section 3 — AKTA LEVI KEUNTUNGAN LUAR BIASA (PINDAAN) 2021