Section 13
Special provision relating to section 44A
ActIn forceProvision 14 of 108
Section 13
Notwithstanding subsection 44A (1) of the principal Act as amended in this Act, a surrendering company may surrender its adjusted loss for the basis period for a year of assessment in accordance with that subsection for the basis period of —
(a)
the year of assessment 2019, in relation to a surrendering company which first commences its operation in the year of assessment 2015;
(b)
the years of assessment 2019 and 2020, in relation to a surrendering company which first commences its operation in the year of assessment 2016; and
(c)
the years of assessment 2019, 2020 and 2021, in relation to a surrendering company which first commences its operation in the year of assessment 2017.
Finance 17