Seksyen 16

Akta ibu dipinda dengan memasukkan selepas seksyen 110B seksyen yang berikut:

“Set-off for tax charged on actuarial surplus under takaful business 110c. (1) Notwithstanding section 110, where for a basis period for a year of assessment an amount of actuarial surplus from the family fund of an operator is transferred to the shareholders’ fund pursuant to subparagraph 60aa(9)(a)(vi)

or 60aa(10)(a)(vi), any amount of tax charged on the portion of that surplus shall be set off against the tax charged on the chargeable income from the shareholders’ fund of that operator in respect of the family business.