Tax Alert - issue 06

Tax Alert

Welcome 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.