PwC Alert (Issue 75): Advance rulings

The introduction of the self assessment system of taxation in 2001 called for greater transparency and certainty in the application of the income tax provisions in Malaysia. In response, new provisions were introduced effective 1 January 2007, empowering the Director General of Inland Revenue (DGIR) to issue public rulings and advance rulings under Section 138A & 138B respectively. With the intention of providing greater transparency to the taxpaying public, the new guidelines on advance rulings were issued by the Rulings Division, Technical Department of the Inland Revenue Board on 14 February 2008. Read PwC Alert Issue 75 for more on advance rulings.

PwC Alert (Issue 75)
Download Issue 75 (242 KB)

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.