The Inland Revenue Board of Malaysia (IRBM) has issued Practice Note No. 1/2022 concerning the meaning of a "factory" in the context of the reinvestment allowance. The Practice note explains that "factory" means the portion of the floor area of a building, or an extension of a building used for the purposes of a qualifying project to place or install plant or machinery, or to store any raw materials, or goods or materials manufactured prior to sale. Further, in respect of the portion of a bu…