Malaysia legislation
Section 28
Section 28
Notwithstanding paragraph 4 of Schedule 7A to the principal Act and paragraph 4B of that Schedule as introduced by section 27 of this
Act, so much of that allowance as cannot be given under paragraph 4
of that Schedule before the coming into operation of section 27 of this
Act for the year of assessment 2018 and that amount relates to allowance ascertained at the end of the fifteen consecutive years of assessment referred to in paragraph 2 of that Schedule or allowance ascertained for the year of assessment 2018 as provided for under paragraph 2B —
(a)
shall only be given to that person in accordance with paragraph 4 of Schedule 7A to the principal Act, as if the principal Act has not been amended, for a period of seven consecutive years of assessment and that period commences immediately following the year of assessment 2018; and
(b)
any amount of that allowance or that aggregate amount at the end of that period which has not been given to that person, by reason of insufficiency or absence of statutory income from a business of his for that period, shall be disregarded for the purpose of Schedule 7A of the principal Act.
Amendment of Schedule 7B