32 DEFERREDTAX LIABILITIES/(ASSETS) (CONTINUED) Under the Malaysia Finance Act 2018 which was gazetted on 27 December 2018, unutilised tax losses will be imposed with a limit of utilisation for 7 consecutive years. In Budget 2022, the existing time limit to carry forward unutilised business losses to be extended to 10 consecutive YAs. The existing transitional provision for unutilised business losses from YA2018 be allowed to be carried forward for 10 consecutive YAs, until YA2028. The Group’s unused tax losses as of 31 December 2021 for which no deferred tax assets were recognised based on the year of assessment (“YA”) expiry are as follows: Group 2021 2020 RM’000 RM’000 Continuing operations Expiring in 2025 - 85,010 Expiring in 2026 - 178,813 Expiring in 2027 - 27,445 Expiring in 2028 85,010 - Expiring in 2029 178,813 - Expiring in 2030 27,445 - Expiring in 2031 13,443 - 304,711 291,268 Discontinuing operation Expiring in 2025 - 9,252 Expiring in 2026 - 5,801 Expiring in 2027 - 2,616 - 17,669 NOTESTOTHE FINANCIAL STATEMENTS FORTHE FINANCIALYEAR ENDED 31 DECEMBER 2021 SUSTAINABILITY JOURNEY HOWWE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 357
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