Malaysia legislation
Section 37
Section 37
Notwithstanding subsection 25(4) of the principal Act as amended by section 36 of this Act and subsection 25(5) of the principal Act as introduced by section 36 of this Act, any amount of deduction which cannot be made under subsection 25(4) of the principal Act for the year of assessment 2018 and preceding years of assessment—
(a)
shall only be made to that company in accordance with subsection 25(4) of the principal Act 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 deduction at the end of that period which has not been so made to that company, by reason of insufficiency or absence of statutory income from its business for that period, shall be disregarded for the purposes of the principal
Act.