The Inland Revenue Board of Malaysia has issued Public Ruling No. 1/2024, Investment Tax Allowance – Promoted Product Under The Manufacturing Sector. The Public Ruling provides specific guidance in relation to the manufacturing sector in addition to the guidance provided earlier by Public Ruling No. 4/2023, Investment Tax Allowance - Overview.
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Objective
This Public Ruling (PR) provides an explanation regarding the investment tax allowance that can be applied for by a company which p…