Malaysia published the Income Tax (Deduction for Expenditure in Relation to Environmental Preservation, Social and Governance) Rules 2025 in the Official Gazette on 23 June 2025, which provides a deduction for expenditure incurred by qualifying taxpayers in relation to Environmental Preservation, Social, and Governance (ESG) initiatives. For this purpose, ESG means a set of criteria to assess the sustainability practice and ethics of a financial institution, company, Labuan company, micro en…