Tax

Tax Alert 10 July 2019

Further to the Income Tax (Restriction on Deductibility of Interest) Rules 2019 covered in our Tax Alert dated 3 July 2019 to restrict the deduction of interest expense in connection with or on any financial assistance in a controlled transaction, also known as “ESR”, the Inland Revenue Board of Malaysia (“IRBM”) has recently issued Guidelines on Restriction on Deductibility of Interest to provide further guidance and clarification on the application of the abovementioned Rules and Section 140C of the Act.

Read our full Tax Alert to know about further information on the Income Tax (Restriction on Deductibility of Interest) Rules 2019, kindly refer to our Tax Alert – 3 July 2019 issue.

Read the full report
Download PDF [ 638 kb ]