TaXavvy Issue 9/2022

In this issue:

Gazette Order for Principal Hub 3.0 Incentive

The Income Tax (The Principal Hub Incentive Scheme) Rules 2022 has been gazetted and is effective from the year of assessment (YA) 2021.

Tax Deduction for Industry4WRD Vendor Development Programme

The Income Tax (Deduction for Expenditure in relation to Industry4WRD Vendor Development Programme) Rules 2022 has been issued and is effective from YA 2019.

Guideline on Application for Approval for COVID-19 Relief Fund

The Ministry of Finance has issued an updated Guideline on Application for Approval under Section 44(11C) for COVID-19 Relief Fund dated 1 April 2022.

Guideline on Tax Deduction for Contributions to Approved COVID-19 Related Community and Charitable Projects

The MOF has updated the Special Guidelines on Application for Income Tax Deduction for Community / Charitable Projects to Handle the COVID-19 Pandemic, dated 1 April 2022.

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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