Malaysia Updates Public Ruling on Special Allowances for Small Value Assets

The Inland Revenue Board of Malaysia (IRBM) recently published Public Ruling No. 4/2026, which provides updated guidance on special allowances claimed as capital allowances for small value assets (100% write-off). Public Ruling No. 4/2026 updates and replaces Public Ruling No. 3/2021. The allowance is generally available in respect of assets with a value not exceeding MYR 2,000. The total allowance is generally limited to MYR 20,000 for each Year of Assessment (YA), although it may be unlimi…