The Inland Revenue Board of Malaysia (IRBM) has published two technical guidelines:
- Tax Treatment of Research and Development Expenditure Under the Petroleum (Income Tax) Act, dated 22 June 2023; and
- Tax Treatment of Lease Expenses for Special Assets Under the Petroleum (Income Tax) Act, dated 20 June 2023.
Research and Development Expenditure
The guidelines on Research and Development (R&D Expenditure concern expenditure incurred to ensure an increase in process efficiency or imp…