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A Public Ruling as provided for under section 138A of the Income Tax Act 1967 is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board.
Leave passage benefit, received by the employee from the employer, which does not fall within paragraph 8 above is subject to tax under paragraph 13(1)(b) of the Act as gains or profits from an employment.
A ruling is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board of Malaysia. It sets out the interpretation of the Director General of Inland Revenue in respect of the particular tax law, and the policy and procedure that are to be applied.
Feb 20, 2024 · This guide is informed by detailed public rulings and the Income Tax Act, ensuring accurate and reliable information: Public Ruling No.1/2003 – Tax Treatment of Leave Passage; Addendum to Public Ruling No.1/2003 – Tax Treatment of Leave Passage; Income Tax Act 1967; Public Ruling No.4/2015 – Entertainment Expense
Dec 6, 2013 · For Local Leave Passage, in Malaysia, an employee is entitled to a tax exemption of three times the amount spent on the cost of airfares, meals, and accommodations per year. This includes the employee and his/her immediate family.
A Public Ruling is published as a guide for the public and officers of the Inland Revenue Board of Malaysia. It sets out the interpretation of the Director General in respect of the particular tax law and the policy as well as the procedure applicable to it. The Director General may withdraw this Public Ruling either wholly or in part, by notice of
Public Ruling No. 1/2003 Tax Treatment of Leave Passage 4 1.0 This Ruling explains the tax treatment of: (i) leave passage provided for the employee by or on behalf of his employer as a benefit or amenity taxable under gains or profits from an employment; and (ii) expenditure incurred on leave passage provided to the
