PwC Alert (Issue 53): Group Relief

Download Issue 53 (675 KB)

Issue 53: June 2006

For companies in Malaysia, 2006 marks the beginning of a new era in corporate taxation. The introduction of group relief¹ provisions is a long awaited measure that allows losses incurred by companies belonging to a particular group of companies to be sheltered from tax within that group.

As the much awaited provision on group relief kicks-in, how does it work to the advantage group of companies? What are the provisions and conditions?



¹Group relief refers to the practice of allowing losses incurred by one company within a group to be deducted against profits from another company within the same group.

PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.