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RM 30: Changes in credit balances
or “Removed rules about changes in policyholder credit account balances”
You could also call this:

“This provision about unrefunded amounts for policyholder credit accounts no longer applies”

This section of the law has been removed. It used to talk about what happens to amounts that are not refunded for people with policyholder credit accounts. However, as of 30 March 2017, this part of the law no longer applies. The government decided to take it out of the Income Tax Act 2007. If you need information about this topic, you might need to look at newer parts of the tax law or ask a tax expert for help.

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Next up: RM 32: Application of sections RM 13 to RM 17 to qualifying companies

or “Rules for tax refunds and overpayments for qualifying companies”
Next

Part R General collection rules
Refunds: Persons with policyholder credit accounts

RM 31Treatment of amounts not refunded (Repealed)

    Notes
    • Section RM 31(3): amended, on , by section 270(1) (and see section 270(2) for application) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
    • Section RM 31: repealed, on , by section 285(2) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).