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The objective of this Public Ruling (PR) is to explain - (a) the tax treatment of entertainment expense as a deduction against gross income of a business; and (b) steps to determine the amount of entertainment expense allowable as a deduction. 2. Relevant Provisions of the Law.
The objective of this Public Ruling (PR) is to explain the computation of total income and chargeable income of a resident individual who derives income from business, employment and other sources.
UPDATED 11/05/2022 a) Expenditure incurred in providing equipment for the disabled employee (OKU). b) Expenditure incurred in respect of publication in National Language. c) Donation to libraries. d) Expenditure incurred in providing services, public amenities and contribution to a charity or community project.
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.
Oct 29, 2021 · KUALA LUMPUR, Oct 29 — All entertainment outlets in Kuala Lumpur will be exempted from taxes until the end of next year. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the move was to help the worst-hit industry recover from the aftermath of the Covid-19 pandemic and the ensuing lockdowns in Malaysia.
This Public Ruling (PR) provides an explanation on the tax incentive available to: (a) conference promoter promoting and organising conferences in Malaysia as its main activity; and
Jun 23, 2021 · Entertainment is defined in the Income Tax Act as (a) the provision of food, drink, recreation or hospitality of any kind and (b) the provision of accommodation or travel in connection with or for the purpose of facilitating entertainment of the kind mentioned in (a); by a person or an employee in connection with a trade or business carried out ...
