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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.
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.
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.
entertainment expense is allowable and the amount to be allowed: a) No deduction for entertainment expense is allowed if it does not fall within the definition of “entertainment” in S.18 of the ITA.
DIRECTOR GENERAL'S PUBLIC RULING. Public Ruling is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board. 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.
Director General Inland Revenue, Inland Revenue Board Malaysia. This ruling explains: the tax treatment of entertainment expense as a deduction against gross income of a business; and. steps to determine the amount of entertainment expense allowable as a deduction.
The objective of this Public Ruling (PR) is to provide an explanation on the tax deduction available to a company that sponsors any approved local or foreign arts, cultural and heritage activities in Malaysia.
