19 July 2021
The Income Tax (Accelerated Capital Allowance) (Excursion Bus) Rules 2021 have been gazetted on 1 July 2021 and have effect from year of assessment 2020 until year of assessment 2021.
The following public ruling and operational guideline have recently been published on the IRB’s official website: 5
i. Tax Deduction for Sponsoring Arts, Cultural and Heritage Activities(Public Ruling No. 2/2021) issued on 8 July 2021; and
ii. Permohonan Surat Penyelesaian Cukai bagi Syarikat, Perkongsian Liabiliti Terhad dan Entiti Labuan (available in Malay language only) — issued on 30 June 2021.
For further information, please contact:
Anand Raj, Head of Tax and Revenue Practice Group,
Shearn Delamore & Co
anand@shearndelamore.com
