Section 1
(2)
This Act comes into operation on a date to be appointed by the Minister by notification in the Gazette.
Amendment ActIn force
Windfall Profit Levy (Amendment) Act 2021
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- Enacted
- 2021
- Sections
- 6
- Languages
- MS · EN
Windfall Profit Levy (Amendment) Act 2021 is Malaysia Amendment Act, cited as Amendment Act A1636 2021, currently marked in force and first recorded in 2021.
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1
WINDFALL PROFIT LEVY (AMENDMENT)
ACT 2021
2
Date of Royal Assent
...
...
12 November 2021
Date of publication in the
...
...
18 November 2021
Gazette
Publisher’s Copyright C
(Appointed Printer to the Government of Malaysia).
Windfall Profit Levy (Amendment)
Opening note
Preamble
- An Act to amend the Windfall Profit Levy Act 1998. [ ] ENACTED by the Parliament of Malaysia as follows: Short title and commencement
Section 2
Substitution of section 13
The Windfall Profit Levy Act 1998 [Act 592], which is referred to as the “principal Act” in this Act, is amended by substituting for section 13 the following section:
“Remission of levy and penalty
Quoted provision
Section 13
(2)
The Director General may, if he deems fit, remit the whole or any part of the penalty under section 9.
(3)
Where a person who has been granted remission under subsection (1) or (2) has paid any levy or penalty to which the remission relates, subject to subsection 14(3), he shall be entitled to a refund of the amount of the levy or penalty paid which had been remitted.”.
Section 3
Substitution of section 14
The principal Act is amended by substituting for section 14
the following section:
“Claim for refund of levy and penalty overpaid or erroneously paid, etc.
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).”.
Section 4
New section 14a
The principal Act is amended by inserting after section 14
the following section:
“Refund upon satisfaction of Director General and with supporting evidence 14a. (1) A claim for refund of levy or penalty under subsection 14(1) shall be supported by such evidence as required by the Director General.
Windfall Profit Levy (Amendment)
(2)
The Director General may make such refund in respect of the claim made by any person under subsection 14(1)
after being satisfied that the person has properly established the claim.”.
Common questions
- What is Akta Levi Keuntungan Luar Biasa (Pindaan) 2021?
- Windfall Profit Levy (Amendment) Act 2021 is Malaysia Amendment Act, cited as Amendment Act A1636 2021, currently marked in force and first recorded in 2021.
- Is Akta Levi Keuntungan Luar Biasa (Pindaan) 2021 still in force?
- Yes — Akta Levi Keuntungan Luar Biasa (Pindaan) 2021 is currently in force.
- When did Akta Levi Keuntungan Luar Biasa (Pindaan) 2021 take effect?
- Akta Levi Keuntungan Luar Biasa (Pindaan) 2021 was first recorded in 2021.
- How many sections does Akta Levi Keuntungan Luar Biasa (Pindaan) 2021 have?
- Akta Levi Keuntungan Luar Biasa (Pindaan) 2021 contains 6 sections.
- Where can I read the official version of Akta Levi Keuntungan Luar Biasa (Pindaan) 2021?
- The official text of Akta Levi Keuntungan Luar Biasa (Pindaan) 2021 is published at lom.agc.gov.my.
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