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TaXavvy Issue 23/2020
In this issue:
Special tax deduction on rental discount given to SME tenants
In the PRIHATIN Tambahan which was announced on 6 April 2020, it was stated that owners of buildings or business premises will be given an additional tax deduction equivalent to the amount of reduction in rent that is given to tenants which are Small and Medium Enterprises (SMEs) for the months of April 2020 to June 2020.
The Ministry of Finance has published Frequently Asked Questions (FAQ) on this tax measure via its official Telegram channel on the 2020 Economic Stimulus Package. The FAQ are subject to tax rules to be gazetted.
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.
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