Restriction on Deductibility of Interest (S.140C, ITA 1967)
History In addition to the basic anti-avoidance measures that were already in place, Malaysia began enforcing the Thin Capitalisation restrictions that are outlined in section 140A of the Income Tax Act 1967 (“ITA”) on January 1, 2009. Under section 140A, if the Director General of Inland Revenue (“DGIR”) believes that the value or aggregate of […]
