The Inland Revenue Board of Malaysia (IRBM) has published Public Ruling No. 10/2021 of 29 December 2021, which provides updated guidance on the special deductions for R&D activity, replacing Public Ruling No. 6/2020 of 13 August 2020. Change in the latest update include the following:

• In relation to the double deduction under Section 34B of the ITA, it is added that any cash contribution …