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Tax Alert - issue 06
Tax Alert
17 May 2016Welcome to Grant Thornton Malaysia Tax Alert. This newsletter provides information on the latest tax updates.
The Inland Revenue Board (“IRB”) has recently released Public Ruling 1/2016: Agriculture Allowances (“PR 1/2016”) dated 20 January 2016.
PR 1/2016 explains the:
- Types of expenditure that qualify as agriculture expenditure;
- Computation of Agriculture Allowances (AA);
- Computation of Agriculture Charges (AC); and
- Tax treatment on receipt of a grant or subsidy.
Also appears under...