CCS

PR No. 1/2024 – Investment Tax Allowance – Promoted Product Under The Manufacturing Sector dated 24 January 2024

This Public Ruling issued by the Inland Revenue Board of Malaysia (IRBM) provides guidance on the investment tax allowance available to companies participating in manufacturing promoted products in Malaysia. It covers the ITA for promoted products under the general list, high technology companies, small scale companies, selected industries, and for reinvestment. The ruling explains the […]

Free Zone in Malaysia

Introduction 1. Free zones are established to provide exemptions from customs duties, excise duties, and sales tax on goods brought into, taken out of, or produced within a free zone, aimed at promoting export-oriented manufacturing activities and trading activities such as trading, bulk breaking, grading, repacking, and relabeling. 2. Referring to Section 2 of the […]