Malaysia – Income Tax Updates

2 July 2021

The following Rules have been gazetted on 15 June 2021 and shall have effect from year of assessment 2020:

 

i. Income Tax (Accelerated Capital Allowance) (Machinery and Equipment including Information and Communication Technology Equipment) Rules 2021;
 

ii. Income Tax (Deduction for Expenses in relation to the Cost of Personal Protective Equipment) Rules 2021.
 

The Guideline on Dispute Resolution Proceeding dated 15 June 2021 has recently been published on the IRB’s official website.
 

For further information, please contact:

 

Dhinesh Bhaskaran, Managing Partner, Shearn Delamore & Co​

dhinesh@shearndelamore.com