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TaXavvy Issue 28/2020
In this issue:
Tax deduction for COVID-19 related donations - IRB’s FAQ dated 21 April 2020
Following our TaXavvy 19/2020, the Inland Revenue Board (IRB) has now included a new section in the FAQs (dated 21 April 2020) on tax deduction for COVID-19 related donations. The additional information not found in the IRB’s press release of 26 March 2020 and the Ministry of Finance’s guidelines on tax deduction for contributions to community and charitable projects approved under section 34(6)(h) of the Income Tax Act 1967 to combat COVID-19, is out in this issue.
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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