{{item.videoDuration}}
{{item.title}}
{{item.text}}
{{item.videoDuration}}
{{item.text}}
TaXavvy Issue 19/2020
In this issue:
Tax deduction for COVID-19 related donations
Individuals and corporations from all over Malaysia have made contributions and donations toward efforts to combat the COVID-19 pandemic. Generally, such donations may qualify for tax deduction under the Income Tax Act 1967 subject to meeting conditions under the relevant provisions. These provisions include Section 44(6), Section 44(11C), Section 34(6)(h), and by way of a special deduction to be gazetted [Section 33(1)(d)].
On 23 March 2020, the Minister of Finance announced that donations in cash and in-kind to the Tabung COVID-19 and Ministry of Health are approved for tax deduction.
TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While 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. PricewaterhouseCoopers Taxation Services 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.
{{filterContent.facetedTitle}}
{{contentList.loadingText}}
{{contentList.loadingText}}
Receive regular tax updates in your inbox
Subscribe to Tax in Motion
Contact us
Follow us
